{"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":"85","heading":"Amendment of section 394","text":"Amendment of section 394. 85. In section 394 of the Income-tax Act, in sub-section (1), in the Table,— (a) | against Sl. No. 1, in column D, for the figure and symbol \"1%\", the figure and symbol \"2%\" shall be substituted; (b) | against Sl. No. 2, in column D, for the figure and symbol \"5%\", the figure and symbol \"2%\" shall be substituted; (c) | against Sl. No. 4, in column D, for the figure and symbol \"1%\", the figure and symbol \"2%\" shall be substituted; (d) | against Sl. No. 5, in column D, for the figure and symbol \"1%\", the figure and symbol \"2%\" shall be substituted; (e) | against Sl. No. 7, in column D, in clause (a), for the figure and symbol \"5%\", the figure and symbol \"2%\" shall be substituted; (f) | against Sl. No. 8, in column D, for clauses (a) and (b), the figure and symbol \"2%\" shall be substituted.","html":"<p><b>Amendment of section 394.</b></p><p><b>85.</b> In section 394 of the Income-tax Act, in sub-section (1), in the Table,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>against Sl. No. 1, in column D, for the figure and symbol \"1%\", the figure and symbol \"2%\" shall be substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>against Sl. No. 2, in column D, for the figure and symbol \"5%\", the figure and symbol \"2%\" shall be substituted;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>against Sl. No. 4, in column D, for the figure and symbol \"1%\", the figure and symbol \"2%\" shall be substituted;</td></tr><tr><td>(<i>d</i>)</td><td></td><td>against Sl. No. 5, in column D, for the figure and symbol \"1%\", the figure and symbol \"2%\" shall be substituted;</td></tr><tr><td>(<i>e</i>)</td><td></td><td>against Sl. No. 7, in column D, in clause (<i>a</i>), for the figure and symbol \"5%\", the figure and symbol \"2%\" shall be substituted;</td></tr><tr><td>(<i>f</i>)</td><td></td><td>against Sl. No. 8, in column D, for clauses (<i>a</i>) and (<i>b</i>), the figure and symbol \"2%\" shall be substituted.</td></tr></table></div>","words":158,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2026/section/85/","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."}