{"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":"93","heading":"Amendment of section 206AB","text":"Amendment of section 206AB. 93.  In section 206AB of the Income-tax Act,­— (i) | in sub-section (1), after the figures and letter \"194B,\", the figures and letters \"194BA,\" shall be inserted; (ii) | in sub-section (3), for the proviso, the following proviso shall be substituted, namely:— \"Provided that the specified person shall not include— (i) | a non-resident who does not have a permanent establishment in India; or (ii) | a person who is not required to furnish the return of income for the assessment year relevant to the said previous year and is notified by the Central Government in the Official Gazette in this behalf.\".","html":"<p><b>Amendment of section 206AB.</b></p><p><b>93. </b> In section 206AB of the Income-tax Act,­—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in sub-section (1), after the figures and letter \"194B,\", the figures and letters \"194BA,\" shall be inserted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in sub-section (3), for the proviso, the following proviso shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>\"<b>Provided</b> that the specified person shall not include—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>a non-resident who does not have a permanent establishment in India; or</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>a person who is not required to furnish the return of income for the assessment year relevant to the said previous year and is notified by the Central Government in the Official Gazette in this behalf.\".</td></tr></table></div>","words":106,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2023/section/93/","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."}