An Act to give effect to the financial proposals of the Central Government for the financial year 2015-2016.

Act 20 of 2015 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 2015

What this Act covers

The Finance Act for 2015. Its First Schedule carries the rates of income-tax for the year; the rest amends the Income-tax Act and the other fiscal statutes. The rate of tax for a year is fixed here and not in the Income-tax Act.

Sections

Type to filter. 165 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 2
4. 4Amendment of section 6
5. 5Amendment of section 9
6. 6Insertion of new section 9A
7. 7Amendment of section 10
8. 8Amendment of section 11
9. 9Amendment of section 13
10. 10Amendment of section 32
11. 11Insertion of new section 32AD
12. 12Amendment of section 35
13. 13Amendment of section 36
14. 14Amendment of section 47
15. 15Amendment of section 49
16. 16Amendment of section 80C
17. 17Amendment of section 80CCC
18. 18Amendment of section 80CCD
19. 19Amendment of section 80D
20. 20Amendment of section 80DD
21. 21Amendment of section 80DDB
22. 22Amendment of section 80G
23. 23Amendment of section 80JJAA
24. 24Amendment of section 80U
25. 25Amendment of section 92BA
26. 26Amendment of section 95
27. 27Amendment of section 111A
28. 28Amendment of section 115A
29. 29Amendment of section 115ACA
30. 30Amendment of section 115JB
31. 31Amendment of section 115U
32. 32Amendment of section 115UA
33. 33Insertion of new Chapter XII-FB
34. 34Amendment of section 132B
35. 35Amendment of section 139
36. 36Substitution of new section for section 151
37. 37Amendment of section 153C
38. 38Amendment of section 154
39. 39Amendment of section 156
40. 40Insertion of new section 158AA
41. 41Amendment of section 192
42. 42Insertion of new section 192A
43. 43Amendment of section 194A
44. 44Amendment of section 194C
45. 45Amendment of section 194-I
46. 46Amendment of section 194LBA
47. 47Insertion of new section 194LBB
48. 48Amendment of section 194LD
49. 49Amendment of section 195
50. 50Amendment of section 197A
51. 51Amendment of section 200
52. 52Amendment of section 200A
53. 53Amendment of section 203A
54. 54Amendment of section 206C
55. 55Insertion of new section 206CB
56. 56Amendment of section 220
57. 57Amendment of section 234B
58. 58Amendment of section 245A
59. 59Amendment of section 245D
60. 60Amendment of section 245H
61. 61Amendment of section 245HA
62. 62Amendment of section 245K
63. 63Amendment of section 245-O
64. 64Amendment of section 246A
65. 65Amendment of section 253
66. 66Amendment of section 255
67. 67Amendment of section 263
68. 68Substitution of new section for section 269SS
69. 69Amendment of section 269T
70. 70Amendment of section 271
71. 71Amendment of section 271D
72. 72Amendment of section 271E
73. 73Insertion of new section 271FAB
74. 74Insertion of new section 271GA
75. 75Insertion of new section 271-I
76. 76Amendment of section 272A
77. 77Amendment of section 273B
78. 78Insertion of new section 285A
79. 79Amendment of section 288
80. 80Amendment of section 295
81. 81Amendment of Act 27 of 1957
82. 82Amendment of section 28
83. 83Amendment of section 112
84. 84Amendment of section 114
85. 85Amendment of section 127A
86. 86Amendment of section 127B
87. 87Amendment of section 127C
88. 88Omission of section 127E
89. 89Amendment of section 127H
90. 90Amendment of section 127L
91. 91Amendment of First Schedule
92. 92Amendment of section 3A
93. 93Amendment of section 11A
94. 94Substitution of new section for section 11AC
95. 95Amendment of section 31
96. 96Amendment of section 32
97. 97Amendment of section 32B
98. 98Amendment of section 32E
99. 99Amendment of section 32F
100. 100Omission of section 32H
101. 101Amendment of section 32K
102. 102Amendment of section 32-O
103. 103Amendment of section 37
104. 104Amendment of notification issued under section 5A of the Central Excise Act
105. 105Amendment of Third Schedule
106. 106Amendment of First Schedule
107. 107Amendment of section 65B
108. 108Amendment of section 66B
109. 109Amendment of section 66D
110. 110Amendment of section 66F
111. 111Amendment of section 67
112. 112Amendment of section 73
113. 113Substitution of new section for section 76
114. 114Substitution of new section for section 78
115. 115Insertion of new section 78B
116. 116Omission of section 80
117. 117Amendment of section 86
118. 118Amendment of section 94
119. 119Swachh Bharat Cess
120. 120Extent and commencement
121. 121Definitions
122. 122Establishment of Fund
123. 123Constitution of a Committee for administration of fund
124. 124Payment of claims
125. 125Publication of information
126. 126Escheat to the Central Government
127. 127Reporting of accounts and audit
128. 128Power of Central Government to make rules
129. 129Power to exempt in certain cases
130. 130Power to remove difficulties
131. 131Commencement and amendment of Act 74 of 1952
132. 132Insertion of new sections 29A and 29B
133. 133Commencement and amendment of Act 42 of 1956
134. 134Amendment of section 18A
135. 135Insertion of new section 30A
136. 136Amendment of Second Schedule
137. 137Amendment of Second Schedule
138. 138Commencement and amendment of Act 42 of 1999
139. 139Amendment of section 6
140. 140Amendment of section 13
141. 141Amendment of section 18
142. 142Insertion of new section 37A
143. 143Amendment of section 46
144. 144Amendment of section 47
145. 145Amendment of section 2
146. 146Amendment of section 5
147. 147Amendment of section 8
148. 148Amendment of section 20
149. 149Amendment of section 21
150. 150Amendment of section 60
151. 151Amendment of Schedule
152. 152Amendment of section 4
153. 153Omission of section 95
154. 154Amendment of section 97
155. 155Amendment of section 98
156. 156Amendment of section 100
157. 157Amendment of section 101
158. 158Amendment of Seventh Schedule
159. 159Omission of section 140
160. 160Amendment of Tenth Schedule
161. First ScheduleFirst Schedule
162. Second ScheduleSecond Schedule
163. Third ScheduleThird Schedule
164. Fourth ScheduleFourth Schedule
165. Fifth ScheduleFifth Schedule

Rules made under this Act

1 set of Rules. India Code publishes Rules as a record and a document rather than as text, so these are indexed here and not reproduced. All Rules.

• notification for senior citizens' welfare fund rules2016

Related Acts

• The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 201588 sections
• The Finance Act, 2016276 sections
• The Finance Act, 2014129 sections
• The Central Goods and Services Tax Rules, 2017213 sections
• The Finance Act, 2017198 sections
• The Central Goods and Services Tax Act, 2017188 sections
• The Finance Act, 2013142 sections
• The Pension Fund Regulatory and Development Authority Act, 201357 sections

Provenance. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Every one of the 165 sections of this Act has its own page. This page is not a substitute for legal advice.