Amendment of section 115A
Section 16 of the Finance Act, 2011 deals with amendment of section 115A. Amendment of section 115A. 16. In section 115A of the Income-tax Act, in sub-section (1), in clause (a), with effect from the 1st day of June, 2011,— (a ) in sub-clause (ii) , after the words "foreign currency", the words, brackets, figures and letter "not being interest of the nature referred to in
Amendment of section 115A.
16. In section 115A of the Income-tax Act, in sub-section (1), in clause (a), with effect from the 1st day of June, 2011,—
(a ) in sub-clause (ii) , after the words "foreign currency", the words, brackets, figures and letter "not being interest of the nature referred to in clause (iia )" shall be inserted;
(b ) after sub-clause (ii) , the following sub-clause shall be inserted, namely:—
"(iia ) interest received from an infrastructure debt fund referred to in clause (47) of section 10; or";
(c ) after item (B), the following item shall be inserted, namely:—
"(BA ) the amount of income-tax calculated on the amount of income by way of interest referred to in sub-clause (iia) , if any, included in the total income, at the rate of five per cent;";
(d ) in item (D), after the word, brackets and figures "sub-clause (ii )", the word, brackets, figures and letter ", sub-clause (iia)" shall be inserted.
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Section 16, The Finance Act, 2011.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 16
What does Section 16 of the Finance Act deal with?
Section 16 of the Finance Act is headed "Amendment of section 115A". Amendment of section 115A. 16. In section 115A of the Income-tax Act, in sub-section (1), in clause (a), with effect from the 1st day of June, 2011,— (a ) in sub-clause (ii) , after the words "foreign currency", the words, brackets, figures and letter "not being interest of the nature referred to in
How do I find court cases under Section 16 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 2011 16, section 16 Finance Act 2011, section 16 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 16 of the Finance Act, and has it changed?
Its own text turns on section 10 (Amendment of section 80CCF), Income-tax Act 115A (Tax on dividends, royalty and technical service fees in the case of foreign companies), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2011. 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 Schedule7059 words
- 2. Income-tax2710 words
- 15. Insertion of new section 94A685 words
- 19. Insertion of new Chapter XII-BA625 words
- 29. Amendment of section 245C576 words
- 4. Amendment of section 10328 words
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