{"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":"6","heading":"Amendment of Section 9A","text":"Amendment of section 9A. 6. In section 9A of the Income-tax Act, in sub-section (3),— (a) | in clause (c), the following proviso shall be inserted, namely:— \"Provided that for the purposes of calculation of the said aggregate participation or investment in the fund, any contribution made by the eligible fund manager during the first three years of operation of the fund, not exceeding twenty-five crore rupees, shall not be taken into account;\"; (b) | in clause (j), in the first proviso, for the words \"six months from the last day of the month of its establishment or incorporation, or at the end of such previous year, whichever is later\", the words \"twelve months from the last day of the month of its establishment or incorporation\" shall be substituted.","html":"<p><b>Amendment of section 9A.</b></p><p><b>6.</b> In section 9A of the Income-tax Act, in sub-section (3),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in clause (<i>c</i>), the following proviso shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"<b>Provided</b> that for the purposes of calculation of the said aggregate participation or investment in the fund, any contribution made by the eligible fund manager during the first three years of operation of the fund, not exceeding twenty-five crore rupees, shall not be taken into account;\";</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in clause (<i>j</i>), in the first proviso, for the words \"six months from the last day of the month of its establishment or incorporation, or at the end of such previous year, whichever is later\", the words \"twelve months from the last day of the month of its establishment or incorporation\" shall be substituted.</td></tr></table></div>","words":129,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2020/section/6/","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."}