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Section46
The Finance Act, 2015

Amendment of section 194LBA

In force Act 20 of 2015 As on 07 Oct 2026

Act 20 of 2015 Ministry Finance Cited by 1 provision

Section 46 of the Finance Act, 2015 deals with amendment of section 194LBA. Amendment of section 194LBA. 46. In section 194LBA of the Income-tax Act, with effect from the 1st day of June, 2015,— (a) | in sub-section (1), after the words, brackets, figures and letters "in clause (23FC)", the words, brackets, figures and letters "or clause (23FCA)" shall be inserted;

Amendment of section 194LBA.

46. In section 194LBA of the Income-tax Act, with effect from the 1st day of June, 2015,—

(a)in sub-section (1), after the words, brackets, figures and letters "in clause (23FC)", the words, brackets, figures and letters "or clause (23FCA)" shall be inserted;
(b)in sub-section (2), for the words "being a non-resident, not being a company", the words and brackets "being a non-resident (not being a company)" shall be substituted;
(c)after sub-section (2), the following sub-section shall be inserted, namely:—
"(3) Where any distributed income referred to in section 115UA, being of the nature referred to in clause (23FCA)of section 10, is payable by a business trust to its unit holder, being a non-resident (not being a company), or a foreign company, the person responsible for making the payment shall at the time of credit of such payment to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rates in force.".
Section 46, The Finance Act, 2015 (Act 20 of 2015).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 10 Amendment of section 32
  2. Income-tax Act s. 194LBA Certain income from units of a business trust

Referred to by 1

  1. s. 143 Amendment of section 46

Questions about Section 46

What does Section 46 of the Finance Act deal with?

Section 46 of the Finance Act is headed "Amendment of section 194LBA". Amendment of section 194LBA. 46. In section 194LBA of the Income-tax Act, with effect from the 1st day of June, 2015,— (a) | in sub-section (1), after the words, brackets, figures and letters "in clause (23FC)", the words, brackets, figures and letters "or clause (23FCA)" shall be inserted;

How do I find court cases under Section 46 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 2015 46, section 46 Finance Act 2015, section 46 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 46 of the Finance Act, and has it changed?

Its own text turns on section 10 (Amendment of section 32), Income-tax Act 194LBA (Certain income from units of a business trust), 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 2015 as Act 20 of 2015. 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

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. 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. This page is not a substitute for legal advice.