{"act":{"id":"finance-act-2024-no-2","short_title":"The Finance Act, 2024 (No. 2)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2024-2025.","act_number":null,"act_year":2024,"enact_date":"2024-08-16","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":174,"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-2/"},"unit":"section","section":{"number":"15","heading":"Amendment of section 43D","text":"Amendment of section 43D. 15. In section 43D of the Income-tax Act, with effect from the 1st day of April, 2025,— (i) | in the marginal heading, the words \"public companies,\" shall be omitted; (ii) | clause (b) shall be omitted; (iii) | in the long line, the words \"or the public company\" shall be omitted; (iv) | in the Explanation, clauses (a) and (b) shall be omitted.","html":"<p><b>Amendment of section 43D.</b></p><p><b>15.</b> In section 43D of the Income-tax Act, with effect from the 1st day of April, 2025,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in the marginal heading, the words \"public companies,\" shall be omitted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>clause (<i>b</i>) shall be omitted;</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>in the long line, the words \"or the public company\" shall be omitted;</td></tr><tr><td>(<i>iv</i>)</td><td></td><td>in the <i>Explanation</i>, clauses (<i>a</i>) and (<i>b</i>) shall be omitted.</td></tr></table></div>","words":68,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/15/","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."}