{"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":"5","heading":"Amendment of section 9A","text":"Amendment of section 9A. 5. In section 9A of the Income-tax Act,— (a) | in sub-section (3), in clause (c),— (i) | the words \"or indirectly\" shall be omitted; (ii) | after the words \"the corpus of the fund\", the words \"as on the first day of April and the first day of October of the previous year\" shall be inserted; (iii) | after the proviso, the following proviso shall be inserted, namely:— \"Provided further that where the said aggregate participation or investment in the fund exceeds five per cent. on the first day of April or the first day of October of the previous year, the condition mentioned in this clause shall be deemed to be satisfied, if it is satisfied within four months of the first day of April or the first day of October of such previous year, as the case may be;\"; (b) | in sub-section (8A), for the figures \"2024\", the figures \"2030\" shall be substituted.","html":"<p><b>Amendment of section 9A.</b></p><p><b>5. </b>In section 9A of the Income-tax Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (<i>3</i>), in clause (<i>c</i>),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>the words \"or indirectly\" shall be omitted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>after the words \"the corpus of the fund\", the words \"as on the first day of April and the first day of October of the previous year\" shall be inserted;</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>after the proviso, the following proviso shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"<b>Provided further</b> that where the said aggregate participation or investment in the fund exceeds five per cent. on the first day of April or the first day of October of the previous year, the condition mentioned in this clause shall be deemed to be satisfied, if it is satisfied within four months of the first day of April or the first day of October of such previous year, as the case may be;\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>b</i>)</td><td></td><td>in sub-section (<i>8A</i>), for the figures \"2024\", the figures \"2030\" shall be substituted.</td></tr></table></div>","words":161,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2025/section/5/","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."}