Amendment of section 115JD
Section 48 of the Finance Act, 2017 deals with amendment of section 115JD. Amendment of section 115JD. 48. In section 115JD of the Income-tax Act, with effect from the 1st day of April, 2018,— (a) | in sub-section (2), the following proviso shall be inserted, namely:— "Provided that where the amount of tax credit in respect of any income-tax paid in any country or specifie The Act was enacted on 17 Apr 2017.
Amendment of section 115JD.
48. In section 115JD of the Income-tax Act, with effect from the 1st day of April, 2018,—
Section 48, The Finance Act, 2017.
(a) in sub-section (2), the following proviso shall be inserted, namely:— "Provided that where the amount of tax credit in respect of any income-tax paid in any country or specified territory outside India, under section 90 or section 90A or section 91, allowed against the alternate minimum tax payable exceeds the amount of the tax credit admissible against the regular income-tax payable by the assessee, then, while computing the amount of credit under this sub-section, such excess amount shall be ignored."; (b) in sub-section (4), for the words "tenth assessment year", the words "fifteenth assessment year" shall be substituted.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
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Questions about Section 48
What does Section 48 of the Finance Act deal with?
Section 48 of the Finance Act is headed "Amendment of section 115JD". Amendment of section 115JD. 48. In section 115JD of the Income-tax Act, with effect from the 1st day of April, 2018,— (a) | in sub-section (2), the following proviso shall be inserted, namely:— "Provided that where the amount of tax credit in respect of any income-tax paid in any country or specifie
How do I find court cases under Section 48 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 48, section 48 Finance Act 2017, section 48 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 48 of the Finance Act, and has it changed?
Its own text turns on section 90 (Amendment of section 7), section 91 (Amendment of section 17), Income-tax Act 115JD (Tax credit for alternate minimum tax), so none of them can safely be read on its own. 5 other provisions in this corpus refer back to it.
When was Section 48 of the Finance Act enacted?
Section 48 of the Finance Act, cited as Finance Act 2017 48, 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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