{"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":"87","heading":"Amendment of Section 196A","text":"Amendment of section 196A. 87. In section 196A of the Income-tax Act, in sub-section (1),— (a) | for the words \"of the Unit Trust of India\", the words, brackets and figures \"from the specified company referred to in the Explanation to clause (35) of section 10\" shall be substituted; (b) | for the words \"in cash or by the issue of a cheque or draft or by any other mode\", the words \" by any mode\" shall be substituted; (c) | the proviso shall be omitted.","html":"<p><b>Amendment of section 196A.</b></p><p><b>87.</b> In section 196A of the Income-tax Act, in sub-section (1),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>for the words \"of the Unit Trust of India\", the words, brackets and figures \"from the specified company referred to in the <i>Explanation</i> to clause (<i>35</i>) of section 10\" shall be substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>for the words \"in cash or by the issue of a cheque or draft or by any other mode\", the words \" by any mode\" shall be substituted;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>the proviso shall be omitted.</td></tr></table></div>","words":86,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2020/section/87/","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."}