Insertion of new section 194-IC
Section 65 of the Finance Act, 2017 deals with insertion of new section 194-IC. Insertion of new section 194-IC. 65. After section 194-IB of the Income-tax Act as so inserted, the following section shall be inserted, namely:— "194-IC. The Act was enacted on 17 Apr 2017.
Insertion of new section 194-IC.
65. After section 194-IB of the Income-tax Act as so inserted, the following section shall be inserted, namely:—
"194-IC. Payment under specified agreement.—Notwithstanding anything contained in section 194-IA, any person responsible for paying to a resident any sum by way of consideration, not being consideration in kind, under the agreement referred to in sub-section (5A) of section 45, shall at the time of credit of such sum to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to ten per cent of such sum as income-tax thereon.".
Section 65, The Finance Act, 2017.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 65
What does Section 65 of the Finance Act deal with?
Section 65 of the Finance Act is headed "Insertion of new section 194-IC". Insertion of new section 194-IC. 65. After section 194-IB of the Income-tax Act as so inserted, the following section shall be inserted, namely:— "194-IC.
How do I find court cases under Section 65 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 65, section 65 Finance Act 2017, section 65 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 65 of the Finance Act, and has it changed?
Its own text turns on section 45 (Insertion of new section 115BBG), so none of them can safely be read on its own.
When was Section 65 of the Finance Act enacted?
Section 65 of the Finance Act, cited as Finance Act 2017 65, 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
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.