Amendment of section 194G
Section 73 of the Finance Act, 1992 deals with amendment of section 194G. Amendment of section 194G. 73. Section 194G of the Income-tax Act shall be renumbered as subsection (1) thereof, and after sub-section (1) as so renumbered, the following sub-sections shall be inserted, with effect from the 1st day of June, 1992, namely: — "(2) Where the Assessing Officer is satisfi
Amendment of section 194G.
73. Section 194G of the Income-tax Act shall be renumbered as subsection (1) thereof, and after sub-section (1) as so renumbered, the following sub-sections shall be inserted, with effect from the 1st day of June, 1992, namely: —
"(2) Where the Assessing Officer is satisfied that the total income of any person who is or has been stocking, distributing, purchasing or selling lottery tickets justifies the deduction of income-tax at any lower rate or no deduction of income-tax, as the case may be, the Assessing Officer shall, on an application made by such person in this behalf, give to him such certificate as may be appropriate.
(3) Where any such certificate is given, the person responsible for paying the income referred to in sub-section (i) shall, until such certificate is cancelled by the Assessing Officer, deduct income-tax at the rates specified in such certificate or deduct no tax, as the case may be.".
[Finance Act, 1992]
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Section 73, The Finance Act, 1992 (Act 18 of 1992).
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Questions about Section 73
What does Section 73 of the Finance Act deal with?
Section 73 of the Finance Act is headed "Amendment of section 194G". Amendment of section 194G. 73. Section 194G of the Income-tax Act shall be renumbered as subsection (1) thereof, and after sub-section (1) as so renumbered, the following sub-sections shall be inserted, with effect from the 1st day of June, 1992, namely: — "(2) Where the Assessing Officer is satisfi
How do I find court cases under Section 73 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 1992 73, section 73 Finance Act 1992, section 73 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 73 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 194G (Commission, etc., on sale of lottery tickets), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was the Finance Act enacted?
Finance Act was enacted in 1992 as Act 18 of 1992. 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 Schedule6776 words
- 2. Income-tax2308 words
- 4. Amendment of section 101580 words
- 58. Insertion of new Chapter XII-C876 words
- 16. Amendment of section 40813 words
- 35. Amendment of section 64707 words
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