{"act":{"id":"finance-act-2021","short_title":"The Finance Act, 2021","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2021-2022.","act_number":null,"act_year":2021,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":180,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2021/"},"unit":"section","section":{"number":"59","heading":"Amendment of section 234C","text":"Amendment of section 234C. 59. In section 234C of the Income-tax Act, in sub-section (1),— (i) | in the first proviso, for clause (d), the following clause shall be substituted, namely:— \"(d) the amount of dividend income,\"; (ii) | the Explanation shall be numbered as Explanation 1 thereof and after Explanation 1 as so numbered, the following Explanation shall be inserted, namely:— 'Explanation 2.—For the purposes of this sub-section, the term \"dividend\" shall have the meaning assigned to it in clause (22) of section 2, but shall not include sub-clause (e) thereof.'.","html":"<p><b>Amendment of section 234C.</b></p><p><b>59.</b> In section 234C of the Income-tax Act, in sub-section (1),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in the first proviso, for clause (<i>d</i>), the following clause shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>d</i>) the amount of dividend income,\";</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>the <i>Explanation</i> shall be numbered as <i>Explanation 1</i> thereof and after <i>Explanation 1</i> as so numbered, the following <i>Explanation</i> shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>'<i>Explanation 2</i>.—For the purposes of this sub-section, the term \"dividend\" shall have the meaning assigned to it in clause (<i>22</i>) of section 2, but shall not include sub-clause (<i>e</i>) thereof.'.</td></tr></table></div>","words":92,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2021/section/59/","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."}