{"act":{"id":"finance-act-2022","short_title":"The Finance Act, 2022","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2022-2023.","act_number":"6","act_year":2022,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":134,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2022/"},"unit":"section","section":{"number":"21","heading":"Amendment of section 80DD","text":"Amendment of section 80DD. 21.  In section 80DD of the Income-tax Act, with effect from the 1st day of April, 2023,— (1) | in sub-section (2), for clause (a), the following clause shall be substituted, namely:— \"(a) | the scheme referred to in clause (b) of sub-section (1) provides for payment of annuity or lump sum amount for the benefit of a dependant, being a person with disability,— (i) | in the event of the death of the individual or the member of the Hindu undivided family in whose name subscription to the scheme has been made; or (ii) | on attaining the age of sixty years or more by such individual or the member of the Hindu undivided family, and the payment or deposit to such scheme has been discontinued;\"; (II) | after sub-section (3), the following sub-section shall be inserted, namely:— \"(3A) The provisions of sub-section (3) shall not apply to the amount received by the dependant, being a person with disability, before his death, by way of annuity or lump sum by application of the condition referred to in sub-clause (ii) of clause (a) of sub-section (2).\".","html":"<p><b>Amendment of section 80DD.</b></p><p><b>21. </b> In section 80DD of the Income-tax Act, with effect from the 1st day of April, 2023,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(1)</td><td></td><td>in sub-section (2), for clause (<i>a</i>), the following clause shall be substituted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>a</i>)</td><td></td><td>the scheme referred to in clause (<i>b</i>) of sub-section (1) provides for payment of annuity or lump sum amount for the benefit of a dependant, being a person with disability,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in the event of the death of the individual or the member of the Hindu undivided family in whose name subscription to the scheme has been made; or</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>on attaining the age of sixty years or more by such individual or the member of the Hindu undivided family, and the payment or deposit to such scheme has been discontinued;\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(II)</td><td></td><td>after sub-section (3), the following sub-section shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(3A) The provisions of sub-section (3) shall not apply to the amount received by the dependant, being a person with disability, before his death, by way of annuity or lump sum by application of the condition referred to in sub-clause (<i>ii</i>) of clause (<i>a</i>) of sub-section (2).\".</td></tr></table></div>","words":190,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2022/section/21/","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."}