Amendment of section 115JB
Section 23 of the Finance Act, 2008 deals with amendment of section 115JB. Amendment of section 115JB. 23. In section 115JB of the Income-tax Act, after sub-section (2),— (a ) the Explanation shall be numbered as Explanation 1 and in Explanation 1 as so numbered, after clause (g), for the portion beginning with the words "if any amount referred" and ending with the words "
Amendment of section 115JB.
23. In section 115JB of the Income-tax Act, after sub-section (2),—
(a ) the Explanation shall be numbered as Explanation 1 and in Explanation 1 as so numbered, after clause (g), for the portion beginning with the words "if any amount referred" and ending with the words "as reduced by—", the following shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2001, namely:—
"(h) the amount of deferred tax and the provision therefor,
if any amount referred to in clauses (a) to (h) is debited to the profit and loss account, and as reduced by—";
(b ) in Explanation 1 as so numbered, after clause (vii), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2001, namely:—
"(viii) the amount of deferred tax, if any such amount is credited to the profit and loss account.";
(c ) after Explanation 1 as so numbered, the following shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2001, namely:—
" Explanation 2.— For the purposes of clause (a) of Explanation 1, the amount of income-tax shall include—
(i) any tax on distributed profits under section 115-O or on distri-buted income under section 115R;
(ii) any interest charged under this Act;
(iii) surcharge, if any, as levied by the Central Acts from time to time;
(iv) Education Cess on income-tax, if any, as levied by the Central Acts from time to time; and
(v) Secondary and Higher Education Cess on income-tax, if any, as levied by the Central Acts from time to time.".
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Section 23, The Finance Act, 2008.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 23
What does Section 23 of the Finance Act deal with?
Section 23 of the Finance Act is headed "Amendment of section 115JB". Amendment of section 115JB. 23. In section 115JB of the Income-tax Act, after sub-section (2),— (a ) the Explanation shall be numbered as Explanation 1 and in Explanation 1 as so numbered, after clause (g), for the portion beginning with the words "if any amount referred" and ending with the words "
How do I find court cases under Section 23 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 2008 23, section 23 Finance Act 2008, section 23 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 23 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 115JB (Special provision for payment of tax by certain companies), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2008. 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
- 102120000000010097. THE FIRST SCHEDULE7659 words
- 2. Income-tax3309 words
- 32. Amendment of section 143692 words
- 28. Amendment of section 115WE591 words
- 18. Amendment of section 80-IB496 words
- 17. Substitution of new section for section 80D448 words
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