Amendment of section 206C
Section 72 of the Finance Act, 2017 deals with amendment of section 206C. Amendment of section 206C. 72. In section 206C of the Income-tax Act,— (a) | sub-section (1D) shall be omitted; The Act was enacted on 17 Apr 2017.
Amendment of section 206C.
72. In section 206C of the Income-tax Act,—
(a) sub-section (1D) shall be omitted; (b) sub-section (1E) shall be omitted; (c) in sub-sections (2), (3), (3A) and sub-section (9), the words, brackets, figure and letter "or sub-section (1D)" wherever they occur, shall be omitted; (d) in sub-section (6A), in the first proviso, the words, brackets, figure and letter ", other than a person referred to in sub-section (1D)," shall be omitted; (e) in sub-section (7), in the proviso, the words, brackets, figure and letter ", other than a person referred to in sub-section (1D)," shall be omitted; (f) in the Explanation occurring after sub-section (11),—
(A) in clause (aa),—
(I) sub-clause (ii) shall be omitted; (II) after sub-clause (ii), the following sub-clause shall be inserted, namely:—
"(iii) sub-section (1F) means a person who obtains in any sale, goods of the nature specified in the said sub-section, but does not include,—
(A) the Central Government, a State Government and an embassy, a High Commission, legation, commission, consulate and the trade representation of a foreign State; or (B) a local authority as defined in Explanation to clause (20) of section 10; or (C) a public sector company which is engaged in the business of carrying passengers."; Section 72, The Finance Act, 2017.
(B) clause (ab) shall be omitted. (C) in clause (c), for the words, brackets, figures and letters "or sub-section (1D) are sold or services referred to in sub-section (1D) are provided", the words "are sold" shall be substituted.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 72
What does Section 72 of the Finance Act deal with?
Section 72 of the Finance Act is headed "Amendment of section 206C". Amendment of section 206C. 72. In section 206C of the Income-tax Act,— (a) | sub-section (1D) shall be omitted;
How do I find court cases under Section 72 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 72, section 72 Finance Act 2017, section 72 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 72 of the Finance Act, and has it changed?
Its own text turns on section 10 (Amendment of section 12AA), Income-tax Act 206C (Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc), so none of them can safely be read on its own.
When was Section 72 of the Finance Act enacted?
Section 72 of the Finance Act, cited as Finance Act 2017 72, 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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