Insertion of new section 194LB
Section 28 of the Finance Act, 2011 deals with insertion of new section 194LB. Insertion of new section 194LB. 28. After section 194LA of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June 2011, namely:— "194LB.
Insertion of new section 194LB.
28. After section 194LA of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June 2011, namely:—
"194LB. Income by way of interest from infrastructure debt fund.—Where any income by way of interest is payable to a non-resident, not being a company, or to a foreign company, by an infrastructure debt fund referred to in clause (47) of section 10, the person responsible for making the payment 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, whichever is earlier, deduct income-tax thereon at the rate of five per cent.".
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Section 28, 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 28
What does Section 28 of the Finance Act deal with?
Section 28 of the Finance Act is headed "Insertion of new section 194LB". Insertion of new section 194LB. 28. After section 194LA of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June 2011, namely:— "194LB.
How do I find court cases under Section 28 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 28, section 28 Finance Act 2011, section 28 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 28 of the Finance Act, and has it changed?
Its own text turns on section 10 (Amendment of section 80CCF), Income-tax Act 194LA (Payment of compensation on acquisition of certain immovable property), 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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