{"act":{"id":"finance-act-2020","short_title":"The Finance Act, 2020","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2020-2021.","act_number":null,"act_year":2020,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":157,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2020/"},"unit":"section","section":{"number":"57","heading":"Amendment of Section 115JC","text":"Amendment of section 115JC. 57. In section 115JC of the Income-tax Act,— (i) | in sub-section (3), for the portion beginning with the words \"in such form\" and ending with the word and figures \"section 139\", the words, figures and letters \"before the specified date referred to in section 44AB, in such form as may be prescribed, from an accountant referred to in the Explanation below sub-section (2) of section 288, certifying that the adjusted total income and the alternate minimum tax have been computed in accordance with the provisions of this Chapter and furnish such report by that date\" shall be substituted; (ii) | after sub-section (4), the following sub-section shall be inserted, with effect from the 1st day of April, 2021, namely:— \"(5) The provisions of this section shall not apply to a person who has exercised the option referred to in section 115BAC or section 115BAD.\".","html":"<p><b>Amendment of section 115JC.</b></p><p><b>57.</b> In section 115JC of the Income-tax Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in sub-section (3), for the portion beginning with the words \"in such form\" and ending with the word and figures \"section 139\", the words, figures and letters \"before the specified date referred to in section 44AB, in such form as may be prescribed, from an accountant referred to in the <i>Explanation</i> below sub-section (2) of section 288, certifying that the adjusted total income and the alternate minimum tax have been computed in accordance with the provisions of this Chapter and furnish such report by that date\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>after sub-section (4), the following sub-section shall be inserted, with effect from the 1st day of April, 2021, namely:—</td></tr><tr><td></td><td></td><td>\"(5) The provisions of this section shall not apply to a person who has exercised the option referred to in section 115BAC or section 115BAD.\".</td></tr></table></div>","words":149,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2020/section/57/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}