{"act":{"id":"finance-act-2026","short_title":"The Finance Act, 2026","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2026-2027.","act_number":"4","act_year":2026,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":167,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2026/"},"unit":"section","section":{"number":"125","heading":"Amendment of Schedule VI","text":"Amendment of Schedule VI. 125. In Schedule VI to the Income-tax Act, in the Table, in Note 1, in clause (g),— (a) | for the long line, the following item shall be substituted, namely:— \"(C) of which all the units other than the unit held by a sponsor or manager are held by non-residents except,— (I) | where such non-resident becomes resident under section 6(2) or (3) or (4) or (5) or (6) or (7) in any tax year subsequent to that tax year; and (II) | the number of units held by such resident unit holder or holders do not exceed 5% of the total units issued and shall fulfil such other conditions as may be prescribed; or\"; (b) | in sub-clause (ii), in item (A), for the figures \"2025\", the figures \"2030\" shall be substituted.","html":"<p><b>Amendment of Schedule VI.</b></p><p><b>125.</b> In Schedule VI to the Income-tax Act, in the Table, in Note 1, in clause (<i>g</i>),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>for the long line, the following item shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>\"(C) of which all the units other than the unit held by a sponsor or manager are held by non-residents except,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(I)</td><td></td><td>where such non-resident becomes resident under section 6(2) or (<i>3</i>) or (4) or (5) or (<i>6</i>) or (7) in any tax year subsequent to that tax year; and</td></tr><tr><td>(II)</td><td></td><td>the number of units held by such resident unit holder or holders do not exceed 5% of the total units issued and shall fulfil such other conditions as may be prescribed; or\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>b</i>)</td><td></td><td>in sub-clause (<i>ii</i>), in item (A), for the figures \"2025\", the figures \"2030\" shall be substituted.</td></tr></table></div>","words":137,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2026/section/125/","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."}