{"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":"94","heading":"Amendment of section 424","text":"Amendment of section 424. 94. In section 424 of the Income-tax Act, in sub-section (2), for clause (f), the following clause shall be substituted, namely:— \"(f) any tax credit allowed to be set off as per sections 206(2)(e) to (h) and 206(3) and (4).\".","html":"<p><b>Amendment of section 424.</b></p><p><b>94.</b> In section 424 of the Income-tax Act, in sub-section (2), for clause (<i>f</i>), the following clause shall be substituted, namely:—</p><p>\"(<i>f</i>) any tax credit allowed to be set off as per sections 206(2)(<i>e</i>) to (<i>h</i>) and 206(3) and (4).\".</p>","words":44,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2026/section/94/","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."}