eCourtsIndia
IndiaCode Laws
Section83
The Finance Act, 2016

Amendment of section 194LBB

In force As on 11 Oct 2026

Ministry Finance Enacted 27 Jun 2016

Section 83 of the Finance Act, 2016 deals with amendment of section 194LBB. Amendment of section 194LBB. 83. In section 194LBB of the Income-tax Act, for the words "deduct income-tax thereon at the rate of ten per cent", the following shall be substituted with effect from the 1st day of June, 2016, namely:— "deduct income-tax thereon,— (i) | at the rate of ten per cent, whe The Act was enacted on 27 Jun 2016.

Amendment of section 194LBB.

83. In section 194LBB of the Income-tax Act, for the words "deduct income-tax thereon at the rate of ten per cent", the following shall be substituted with effect from the 1st day of June, 2016, namely:—

"deduct income-tax thereon,—

(i)at the rate of ten per cent, where the payee is a resident;
(ii)at the rates in force, where the payee is a non-resident (not being a company) or a foreign company.".

Provided that where the payee is a non-resident (not being a company) or a foreign company, no deduction shall be made in respect of any income that is not chargeable to tax under the provisions of the Act."

Section 83, The Finance Act, 2016.

Cross-references

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

This section refers to

  1. Income-tax Act s. 194LBB Income in respect of units of investment fund

Questions about Section 83

What does Section 83 of the Finance Act deal with?

Section 83 of the Finance Act is headed "Amendment of section 194LBB". Amendment of section 194LBB. 83. In section 194LBB of the Income-tax Act, for the words "deduct income-tax thereon at the rate of ten per cent", the following shall be substituted with effect from the 1st day of June, 2016, namely:— "deduct income-tax thereon,— (i) | at the rate of ten per cent, whe

How do I find court cases under Section 83 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 83, section 83 Finance Act 2016, section 83 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 83 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 194LBB (Income in respect of units of investment fund), so none of them can safely be read on its own.

When was Section 83 of the Finance Act enacted?

Section 83 of the Finance Act, cited as Finance Act 2016 83, was enacted on 27 Jun 2016. 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.