{"act":{"id":"finance-act-2024-no-1","short_title":"The Finance Act, 2024 (No. 1)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2024-2025.","act_number":"8","act_year":2024,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":13,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-1/"},"unit":"section","section":{"number":"1","heading":"Short title and commencement","text":"FINANCE ACT, 2024 [NO. 8 OF 2024] An Act to continue the existing rates of income-tax for the financial year 2024-2025 and to provide for certain relief to taxpayers and to make amendments in certain enactments. Be it enacted by Parliament in the Seventy-fifth Year of the Republic of India as follows:— CHAPTER I PRELIMINARY Short title and commencement. 1. (1) This Act may be called the Finance Act, 2024. (2) Save as otherwise provided in this Act,— (a) | sections 2 to 10 shall come into force on the 1st day of April, 2024; (b) | sections 11 to 13 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.","html":"<p>FINANCE ACT, 2024</p><p>[NO. 8 OF 2024]</p><p><i>An Act to continue the existing rates of income-tax for the financial year 2024-2025 and to provide for certain relief to taxpayers and to make amendments in certain enactments.</i></p><p><i>Be it enacted by Parliament in the Seventy-fifth Year of the Republic of India as follows:—</i></p><p><i>CHAPTER I</i></p><p><b>PRELIMINARY</b></p><p><b>Short title and commencement.</b></p><p><b>1. </b>(1) This Act may be called the Finance Act, 2024.</p><p><span class=\"num\">(2)</span> Save as otherwise provided in this Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>sections 2 to 10 shall come into force on the 1st day of April, 2024;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>sections 11 to 13 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.</td></tr></table></div>","words":120,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-1/section/1/","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."}