MinistryFinanceEnacted27 Jun 2016Cited by1 provision
Section 18 of the Finance Act, 2016 deals with amendment of section 35AD. Amendment of section 35AD. 18. In section 35AD of the Income-tax Act, with effect from the 1st day of April, 2018,— (a) | sub-section (1A) shall be omitted; The Act was enacted on 27 Jun 2016.
Amendment of section 35AD.
18. In section 35AD of the Income-tax Act, with effect from the 1st day of April, 2018,—
(a)
sub-section (1A) shall be omitted;
(b)
in sub-section (2), after clause (iii), the following clause shall be inserted, namely:—
"(iv)
where the business is of the nature referred to in sub-clause (xiv) of clause (c) of sub-section (8), such business,—
(A)
is owned by a company registered in India or by a consortium of such companies or by an authority or a board or corporation or any other body established or constituted under any Central or State Act;
(B)
entity referred to in sub-clause (A) has entered into an agreement with the Central Government or a State Government or a local authority or any other statutory body for developing or operating and maintaining or developing, operating and maintaining, a new infrastructure facility.";
(c)
in sub-section (5),—
(I)
in clause (aj), the word "and" occurring at the end shall be omitted;
(II)
after clause (aj), the following clause shall be inserted, namely:—
"(ak)
on or after the 1st day of April, 2017, where the specified business is in the nature of developing or operating and maintaining or developing, operating and maintaining, any infrastructure facility; and";
(d)
in sub-section (8),—
(I)
after clause (b), the following clause shall be inserted, namely:—
'(ba)
"infrastructure facility" means—
(i)
a road including toll road, a bridge or a rail system;
(ii)
a highway project including housing or other activities being an integral part of the highway project;
(iii)
a water supply project, water treatment system, irrigation project, sanitation and sewerage system or solid waste management system;
(iv)
a port, airport, inland waterway, inland port or navigational channel in the sea;';
(II)
in clause (c), after sub-clause (xiii), the following sub-clause shall be inserted, namely:—
"(xiv)
developing or maintaining and operating or developing, maintaining and operating a new infrastructure facility.".
Section 18, The Finance Act, 2016.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
What does Section 18 of the Finance Act deal with?
Section 18 of the Finance Act is headed "Amendment of section 35AD". Amendment of section 35AD. 18. In section 35AD of the Income-tax Act, with effect from the 1st day of April, 2018,— (a) | sub-section (1A) shall be omitted;
How do I find court cases under Section 18 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 2016 18, section 18 Finance Act 2016, section 18 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 18 of the Finance Act, and has it changed?
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.
