{"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":"58","heading":"Amendment of section 194A","text":"Amendment of section 194A. 58. In section 194A of the Income-tax Act, in sub-section (3),— (a) | in clause (i),— (i) | for the words \"forty thousand rupees\", wherever they occur, the words \"fifty thousand rupees\" shall be substituted; (ii) | in sub-clause (d), for the words \"five thousand rupees\", the words \"ten thousand rupees\" shall be substituted; (iii) | in the third proviso,— (A) | for the words \"forty thousand rupees\", the words \"fifty thousand rupees\" shall be substituted; (B) | for the words \"fifty thousand rupees\", the words \"one lakh rupees\" shall be substituted; (b) | in the proviso occurring after clause (xi), in clause (b),— (i) | for the words \"fifty thousand rupees\", the words \"one lakh rupees\" shall be substituted; (ii) | for the words \"forty thousand rupees\", the words \"fifty thousand rupees\" shall be substituted.","html":"<p><b>Amendment of section 194A.</b></p><p><b>58. </b>In section 194A of the Income-tax Act, in sub-section (3),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in clause (<i>i</i>),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>for the words \"forty thousand rupees\", wherever they occur, the words \"fifty thousand rupees\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in sub-clause (<i>d</i>), for the words \"five thousand rupees\", the words \"ten thousand rupees\" shall be substituted;</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>in the third proviso,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>for the words \"forty thousand rupees\", the words \"fifty thousand rupees\" shall be substituted;</td></tr><tr><td>(<i>B</i>)</td><td></td><td>for the words \"fifty thousand rupees\", the words \"one lakh rupees\" shall be substituted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>b</i>)</td><td></td><td>in the proviso occurring after clause (<i>xi</i>), in clause (<i>b</i>),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>for the words \"fifty thousand rupees\", the words \"one lakh rupees\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>for the words \"forty thousand rupees\", the words \"fifty thousand rupees\" shall be substituted.</td></tr></table></div>","words":140,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2025/section/58/","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."}