Amendment of section 193
Section 22 of the Finance Act, 1989 deals with amendment of section 193. Amendment of section 193 22. In section 193 of the Income-tax Act, with effect from the 1st day of June,, 1989,— (a) in the opening portion, for the words "at the time of payment", the words "at the time of credit of such income to the account of the payee or at the time of payment thereof in cash o
Amendment of section 193
22. In section 193 of the Income-tax Act, with effect from the 1st day of June,, 1989,—
(a) in the opening portion, for the words "at the time of payment", the words "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, whichever is earlier" shall be substituted;
(b) in the proviso, in clause (v), in sub-clause (b), for the words "one thousand rupees", the words "two thousand and five hundred rupees" shall be substituted;
(c) after the proviso, the following Explanation shall be inserted, namely:—
'Explanation:—For the purposes of this section, where any income by way of interest on securities is credited to any account, whether called "Interest payable account" or "Suspense account" or by any other name, in the books of account of the person liable to pay such income, such crediting shall be deemed to be credit of such income to the account of the payee and the provisions of this section shall apply accordingly.'.
[Finance Act, 1989]
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Section 22, The Finance Act, 1989 (Act 13 of 1989).
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Questions about Section 22
What does Section 22 of the Finance Act deal with?
Section 22 of the Finance Act is headed "Amendment of section 193". Amendment of section 193 22. In section 193 of the Income-tax Act, with effect from the 1st day of June,, 1989,— (a) in the opening portion, for the words "at the time of payment", the words "at the time of credit of such income to the account of the payee or at the time of payment thereof in cash o
How do I find court cases under Section 22 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 1989 22, section 22 Finance Act 1989, section 22 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 22 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 193 (Interest on securities), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1989 as Act 13 of 1989. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule6983 words
- 2. Income-tax2165 words
- 4. Amendment of section 2568 words
- 7. Amendment of section 32AB544 words
- 11. Amendment of section 48350 words
- 19. Amendment of section 115J252 words
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