{"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":"68","heading":"Amendment of section 194LBC","text":"Amendment of section 194LBC. 68. In section 194LBC of the Income-tax Act, in sub-section (1), for the portion beginning with the words \"at the rate of\" and ending with the words \"payee is any other person\", the words \"at the rate of ten per cent.\" shall be substituted.","html":"<p><b>Amendment of section 194LBC.</b></p><p><b>68. </b>In section 194LBC of the Income-tax Act, in sub-section (1), for the portion beginning with the words \"at the rate of\" and ending with the words \"payee is any other person\", the words \"at the rate of ten per cent.\" shall be substituted.</p>","words":48,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2025/section/68/","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."}