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Section68
The Finance Act, 2017

Amendment of section 194LC

In force As on 07 Oct 2026

Ministry Finance Enacted 17 Apr 2017

Section 68 of the Finance Act, 2017 deals with amendment of section 194LC. Amendment of section 194LC. 68. In section 194LC of the Income-tax Act, in sub-section (2),— (a) | in clause (i), with effect from the 1st day of April, 2018,— (A) | in sub-clauses (a) and (c), for the figures, letters and words "1st day of July, ", the figures, letters and words "1st day of July, " The Act was enacted on 17 Apr 2017.

Amendment of section 194LC.

68. In section 194LC of the Income-tax Act, in sub-section (2),—

(a)in clause (i), with effect from the 1st day of April, 2018,—
(A)in sub-clauses (a) and (c), for the figures, letters and words "1st day of July, 2017", the figures, letters and words "1st day of July, 2020" shall be substituted;
(B)in the long line, for the word "and", the word "or" shall be substituted;
(b)after clause (i), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2016, namely:—
"(ia)in respect of monies borrowed by it from a source outside India by way of issue of rupee denominated bond before the 1st day of July, 2020, and".
Section 68, 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

  1. Income-tax Act s. 194LC Income by way of interest from Indian company

Questions about Section 68

What does Section 68 of the Finance Act deal with?

Section 68 of the Finance Act is headed "Amendment of section 194LC". Amendment of section 194LC. 68. In section 194LC of the Income-tax Act, in sub-section (2),— (a) | in clause (i), with effect from the 1st day of April, 2018,— (A) | in sub-clauses (a) and (c), for the figures, letters and words "1st day of July, ", the figures, letters and words "1st day of July, "

How do I find court cases under Section 68 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 68, section 68 Finance Act 2017, section 68 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 68 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 194LC (Income by way of interest from Indian company), so none of them can safely be read on its own.

When was Section 68 of the Finance Act enacted?

Section 68 of the Finance Act, cited as Finance Act 2017 68, was enacted on 17 Apr 2017. 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.