An Act to give effect to the financial proposals of the Central Government for the financial year 2017-2018.

Enacted 17 Apr 2017 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 2017

What this Act covers

The Finance Act for 2017. 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. 198 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 2
4. 4Amendment of section 9
5. 5Amendment of section 9A
6. 6Amendment of section 10
7. 7Amendment of section 10AA
8. 8Amendment of section 11
9. 9Amendment of section 12A
10. 10Amendment of section 12AA
11. 11Amendment of section 13A
12. 12Amendment of section 23
13. 13Amendment of section 35AD
14. 14Amendment of section 36
15. 15Amendment of section 40A
16. 16Amendment of section 43
17. 17Amendment of section 43B
18. 18Amendment of section 43D
19. 19Amendment of section 44AA
20. 20Amendment of section 44AB
21. 21Amendment of section 44AD
22. 22Amendment of section 45
23. 23Amendment of section 47
24. 24Amendment of section 48
25. 25Amendment of section 49
26. 26Insertion of new section 50CA
27. 27Amendment of section 54EC
28. 28Amendment of section 55
29. 29Amendment of section 56
30. 30Amendment of section 58
31. 31Amendment of section 71
32. 32Substitution of new section for section 79
33. 33Amendment of section 80CCD
34. 34Amendment of section 80CCG
35. 35Amendment of section 80G
36. 36Amendment of section 80-IAC
37. 37Amendment of section 80-IBA
38. 38Amendment of section 87A
39. 39Amendment of section 90
40. 40Amendment of section 90A
41. 41Amendment of section 92BA
42. 42Insertion of new section 92CE
43. 43Insertion of new section 94B
44. 44Amendment of section 115BBDA
45. 45Insertion of new section 115BBG
46. 46Amendment of section 115JAA
47. 47Amendment of section 115JB
48. 48Amendment of section 115JD
49. 49Amendment of section 119
50. 50Amendment of section 132
51. 51Amendment of section 132A
52. 52Amendment of section 133
53. 53Amendment of section 133A
54. 54Amendment of section 133C
55. 55Amendment of section 139
56. 56Insertion of new section 139AA
57. 57Amendment of section 140A
58. 58Amendment of section 143
59. 59Amendment of section 153
60. 60Amendment of section 153A
61. 61Amendment of section 153B
62. 62Amendment of section 153C
63. 63Amendment of section 155
64. 64Insertion of new section 194-IB
65. 65Insertion of new section 194-IC
66. 66Amendment of section 194J
67. 67Amendment of section 194LA
68. 68Amendment of section 194LC
69. 69Amendment of section 194LD
70. 70Amendment of section 197A
71. 71Amendment of section 204
72. 72Amendment of section 206C
73. 73Insertion of new section 206CC
74. 74Amendment of section 211
75. 75Amendment of section 234C
76. 76Insertion of new section 234F
77. 77Insertion of new section 241A
78. 78Amendment of section 244A
79. 79Amendment of section 245A
80. 80Amendment of section 245N
81. 81Amendment of section 245-O
82. 82Amendment of section 245Q
83. 83Amendment of section 253
84. 84Insertion of new section 269ST
85. 85Insertion of new section 271DA
86. 86Amendment of section 271F
87. 87Insertion of new section 271J
88. 88Amendment of section 273B
89. 89Amendment of section 2
90. 90Amendment of section 7
91. 91Amendment of section 17
92. 92Amendment of section 27
93. 93Amendment of section 28E
94. 94Substitution of new section of section 28F
95. 95Omission of section 28G
96. 96Amendment of section 28H
97. 97Amendment of section 28-I
98. 98Insertion of new section 30A
99. 99Insertion of new section 41A
100. 100Amendment of section 46
101. 101Amendment of section 47
102. 102Substitution of new section for section 49
103. 103Amendment of section 69
104. 104Omission of section 82
105. 105Amendment of section 84
106. 106Amendment of section 127B
107. 107Amendment of section 127C
108. 108Amendment of section 157
109. 109Amendment of section 9
110. 110Amendment of First Schedule
111. 111Amendment of Second Schedule
112. 112Amendment of section 23A
113. 113Omission of section 23B
114. 114Amendment of section 23C
115. 115Amendment of section 23D
116. 116Insertion of new section 23-I
117. 117Amendment of section 32E
118. 118Amendment of section 32F
119. 119Amendment of First Schedule
120. 120Retrospective amendment of certain entries in First Schedule
121. 121Amendment of section 65B
122. 122Amendment of section 66D
123. 123Amendment of section 96A
124. 124Omission of section 96B
125. 125Amendment of section 96C
126. 126Amendment of section 96D
127. 127Insertion of new section 96HA
128. 128Insertion of new sections 104 and 105
129. 129Amendment of rule 2A of Service Tax (Determination of Value) Rules, 2006, retrospectively
130. 130Commencement of this Part
131. 131Amendment of section 20 of Act, 2 of 1882
132. 132Commencement of this Part
133. 133Amendment of section 7 of Act 6 of 1898
134. 134Commencement of this Part
135. 135Amendment of section 31 of Act 2 of 1934
136. 136Commencement of this Part
137. 137Amendment of section 29C of Act 43 of 1951
138. 138Amendment of section 23J
139. 139Commencement of this Part
140. 140Amendment of section 18 of Act 47 of 1974
141. 141Commencement of this Part
142. 142Repeal of Act 32 of 1986
143. 143Savings
144. 144Collection and payment of arrears of duties
145. 145Commencement of this Part
146. 146Amendment of Act 15 of 1992
147. 147Amendment of section 15J
148. 148Amendment of Chapter VIB
149. 149Amendment of section 19-I
150. 150Amendment of Act 18 of 2005
151. 151Commencement of this Part
152. 152Amendment of Act 51 of 2007
153. 153Amendment of section 38
154. 154Amendment of section 182
155. 155Amendment of Act 28 of 2016
156. 156Commencement of this Part
157. 157Definitions
158. 158Amendment of Act 14 of 1947
159. 159Amendment of Act 19 of 1952
160. 160Amendment of Act 14 of 1957
161. 161Amendment of Act 47 of 1999
162. 162Amendment of Act 54 of 1987
163. 163Amendment of Act 24 of 1989
164. 164Amendment of Act 13 of 1976
165. 165Amendment of Act 42 of 1999
166. 166Amendment of Act 55 of 1994
167. 167Amendment of Act 13 of 2003
168. 168Amendment of Act 24 of 1997
169. 169Amendment of Act 21 of 2000
170. 170Amendment of Act 27 of 2008
171. 171Amendment of Act 12 of 2003
172. 172Amendment of Act 18 of 2013
173. 173Amendment of Act 37 of 1952
174. 174Amendment of Act 43 of 1961
175. 175Amendment of Act 52 of 1962
176. 176Amendment of Act 13 of 1985
177. 177Amendment of Act 68 of 1986
178. 178Amendment of Act 15 of 1992
179. 179Amendment of Act 51 of 1993
180. 180Amendment of Act 36 of 2003
181. 181Amendment of Act 55 of 2007
182. 182Amendment of Act 19 of 2010
183. 183Application of section 184
184. 184Qualifications, appointment, term and conditions of service, salary and allowances, etc., of Chairperson, Vice-Chairperson and Members, etc., of the Tribunal, Appellate Tribunal and other Authorities
185. 185Transitional provisions
186. 186General Power to make rules
187. 187Power to amend Eighth Schedule
188. 188Rules to be laid before Parliament
189. 189Removal of difficulties
190. First ScheduleIncome-tax
191. Second ScheduleSecond Schedule
192. Third ScheduleThird Schedule
193. Fourth ScheduleFourth Schedule
194. Fifth ScheduleFifth Schedule
195. Sixth ScheduleSixth Schedule
196. Seventh ScheduleSeventh Schedule
197. Eighth Schedule[***]
198. Ninth ScheduleNinth Schedule

Related Acts

• The Central Goods and Services Tax Rules, 2017213 sections
• The Central Goods and Services Tax Act, 2017188 sections
• The Union Territory Goods and Services Tax Act, 201729 sections
• The Integrated Goods and Services Tax Act, 201728 sections
• The Goods and Services Tax (Compensation to States) Act, 201715 sections
• The Specified Bank Notes (Cessation of Liabilities) Act, 201713 sections
• The Integrated Goods and Services Tax Rules, 20179 sections
• The Central Goods and Services Tax (Extension to Jammu and Kashmir) Act, 20173 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 198 sections of this Act has its own page. This page is not a substitute for legal advice.