{"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":"94","heading":"Amendment of section 206C","text":"Amendment of section 206C. 94.  In section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2023,— (i) | in clause (a), the words \"out of India\" at both the places where they occur shall be omitted. (ii) | in the long line, for the word, \"five\", the word \"twenty\" shall be substituted; (iii) | in the first proviso, for the words, \"and is for a purpose other than purchase of overseas tour program package\", the words \"and is for the purposes of education or medical treatment\" shall be substituted; (iv) | in the second proviso, for the words \"is for a purpose other than purchase of overseas tour program package\", the words \"is for the purposes of education or medical treatment\" shall be substituted.","html":"<p><b>Amendment of section 206C.</b></p><p><b>94. </b> In section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2023,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in clause (<i>a</i>), the words \"out of India\" at both the places where they occur shall be omitted.</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in the long line, for the word, \"five\", the word \"twenty\" shall be substituted;</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>in the first proviso, for the words, \"and is for a purpose other than purchase of overseas tour program package\", the words \"and is for the purposes of education or medical treatment\" shall be substituted;</td></tr><tr><td>(<i>iv</i>)</td><td></td><td>in the second proviso, for the words \"is for a purpose other than purchase of overseas tour program package\", the words \"is for the purposes of education or medical treatment\" shall be substituted.</td></tr></table></div>","words":132,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2023/section/94/","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."}