{"act":{"id":"finance-act-2025","short_title":"The Finance Act, 2025","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2025-2026.","act_number":"7","act_year":2025,"enact_date":"2025-08-16","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":153,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2025/"},"unit":"section","section":{"number":"4","heading":"Amendment of section 9","text":"Amendment of section 9. 4 .  In section 9 of the Income-tax Act, in sub-section (1), with effect from the 1st April, 2026,— (a) | in clause (i), in the Explanation 2A, after the first proviso, the following proviso shall be inserted, namely:— \"Provided further that the transactions or activities which are confined to the purchase of goods in India for the purpose of export shall not constitute significant economic presence in India:\"; (b) | in the second proviso, for the words \"Provided further\", the words \"Provided also\" shall be substituted.","html":"<p><b>Amendment of section 9.</b></p><p><b>4 . </b> In section 9 of the Income-tax Act, in sub-section (<i>1</i>), with effect from the 1st April, 2026,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in clause (<i>i</i>), in the <i>Explanation 2</i>A, after the first proviso, the following proviso shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"<b>Provided further</b> that the transactions or activities which are confined to the purchase of goods in India for the purpose of export shall not constitute significant economic presence in India:\";</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in the second proviso, for the words \"Provided further\", the words \"Provided also\" shall be substituted.</td></tr></table></div>","words":91,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2025/section/4/","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."}