{"act":{"id":"finance-act-2023","short_title":"The Finance Act, 2023","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2023-2024.","act_number":"8","act_year":2023,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":181,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2023/"},"unit":"section","section":{"number":"166","heading":"Amendment of Act 2 of 1899","text":"PART II AMENDMENT TO THE INDIAN STAMP ACT, 1899 Amendment of Act 2 of 1899. 166.  In the Indian Stamp Act, 1899, in Schedule I, in article 47, in division D, under the heading \"Exemption\", for the portion beginning with \"Policies of life-insurance\" and ending with \"authority of the Central Government\", the following shall be substituted, namely:— \"Policies of life insurance— (a) | granted by the Director-General of Post Offices in accordance with the rules for Postal Life-Insurance issued under the authority of the Central Government; and (b) | under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).\".","html":"<p><b><i>PART II</i></b></p><p><b>AMENDMENT TO THE INDIAN STAMP ACT, 1899</b></p><p><b>Amendment of Act 2 of 1899.</b></p><p><b>166. </b> In the Indian Stamp Act, 1899, in Schedule I, in article 47, in division D, under the heading <i>\"Exemption\",</i> for the portion beginning with \"Policies of life-insurance\" and ending with \"authority of the Central Government\", the following shall be substituted, namely:—</p><p>\"Policies of life insurance—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>granted by the Director-General of Post Offices in accordance with the rules for Postal Life-Insurance issued under the authority of the Central Government; and</td></tr><tr><td>(<i>b</i>)</td><td></td><td>under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).\".</td></tr></table></div>","words":98,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2023/section/166/","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."}