Amendment of section 44AD
Section 21 of the Finance Act, 2017 deals with amendment of section 44AD. Amendment of section 44AD. 21. In section 44AD of the Income-tax Act, in sub-section (1), the following proviso shall be inserted, namely:— 'Provided that this sub-section shall have effect as if for the words "eight per cent", the words "six per cent" had been substituted, in respect of the amount The Act was enacted on 17 Apr 2017.
Amendment of section 44AD.
21. In section 44AD of the Income-tax Act, in sub-section (1), the following proviso shall be inserted, namely:—
'Provided that this sub-section shall have effect as if for the words "eight per cent", the words "six per cent" had been substituted, in respect of the amount of total turnover or gross receipts which is received by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account during the previous year or before the due date specified in sub-section (1) of section 139 in respect of that previous year.'.
Section 21, The Finance Act, 2017.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 21
What does Section 21 of the Finance Act deal with?
Section 21 of the Finance Act is headed "Amendment of section 44AD". Amendment of section 44AD. 21. In section 44AD of the Income-tax Act, in sub-section (1), the following proviso shall be inserted, namely:— 'Provided that this sub-section shall have effect as if for the words "eight per cent", the words "six per cent" had been substituted, in respect of the amount
How do I find court cases under Section 21 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 2017 21, section 21 Finance Act 2017, section 21 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 21 of the Finance Act, and has it changed?
Its own text turns on section 139 (Commencement of this Part), Income-tax Act 44AD (Special provision for computing profits and gains of business on presumptive basis), so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it.
When was Section 21 of the Finance Act enacted?
Section 21 of the Finance Act, cited as Finance Act 2017 21, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. Income-tax8321 words
- 2. Income-tax4071 words
- 148. Amendment of Chapter VIB1616 words
- 47. Amendment of section 115JB1176 words
- 6. Amendment of section 10856 words
- Sixth Schedule. Sixth Schedule820 words
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