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Section17
The Finance Act, 1973

Insertion of new section 194D

In force Act 21 of 1973 As on 16 Oct 2026

Act 21 of 1973 Ministry Finance Enacted 11 May 1973

Section 17 of the Finance Act, 1973 deals with insertion of new section 194D. Insertion of new section 194D 17. After section 194C of the Income-tax Act, the following section shall be inserted, namely:— Insurance commission “194D. The Act was enacted on 11 May 1973.

Insertion of new section 194D

17. After section 194C of the Income-tax Act, the following section shall be inserted, namely:—

Insurance commission

“194D. Any person responsible for paying to a resident any income by way of remuneration or reward, whether by way of com- mission or otherwise, for soliciting or procuring insurance business (including business relating to the continuance, renewal or revival of policies of insurance) shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, which-ever is earlier, deduct income-tax thereon at the rates in force:

Provided that no deduction shall be made under this section from any such income credited or paid before the 1st day of June, 1973.”.

[Finance Act, 1973]

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Section 17, The Finance Act, 1973 (Act 21 of 1973).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 194C Payments to contractors

Questions about Section 17

What does Section 17 of the Finance Act deal with?

Section 17 of the Finance Act is headed "Insertion of new section 194D". Insertion of new section 194D 17. After section 194C of the Income-tax Act, the following section shall be inserted, namely:— Insurance commission “194D.

How do I find court cases under Section 17 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1973 17, section 17 Finance Act 1973, section 17 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 17 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 194C (Payments to contractors), so none of them can safely be read on its own.

When was Section 17 of the Finance Act enacted?

Section 17 of the Finance Act, cited as Finance Act 1973 17, was enacted on 11 May 1973 as Act 21 of 1973. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.