Insertion of new section 269ST
Section 84 of the Finance Act, 2017 deals with insertion of new section 269ST. Insertion of new section 269ST. 84 . After section 269SS of the Income-tax Act, the following section shall be inserted, namely:— '269ST. The Act was enacted on 17 Apr 2017.
Insertion of new section 269ST.
84 . After section 269SS of the Income-tax Act, the following section shall be inserted, namely:—
'269ST. Mode of undertaking transactions.—No person shall receive an amount of two lakh rupees or more—
(a) in aggregate from a person in a day; or (b) in respect of a single transaction; or (c) in respect of transactions relating to one event or occasion from a person, otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account:
Provided that the provisions of this section shall not apply to—
(i) any receipt by—
(a) Government; (b) any banking company, post office savings bank or co-operative bank;
(ii) transactions of the nature referred to in section 269SS; (iii) such other persons or class of persons or receipts, which the Central Government may, by notification in the Official Gazette, specify. Explanation.—For the purposes of this section,—
Section 84, The Finance Act, 2017.
(a) "banking company" shall have the same meaning as assigned to it in clause (i) of the Explanation to section 269SS; (b) "co-operative bank" shall have the same meaning as assigned to it in clause (ii) of the Explanation to section 269SS.'.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 84
What does Section 84 of the Finance Act deal with?
Section 84 of the Finance Act is headed "Insertion of new section 269ST". Insertion of new section 269ST. 84 . After section 269SS of the Income-tax Act, the following section shall be inserted, namely:— '269ST.
How do I find court cases under Section 84 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 84, section 84 Finance Act 2017, section 84 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 84 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 269SS (Mode of taking or accepting certain loans, deposits and specified sum), so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it.
When was Section 84 of the Finance Act enacted?
Section 84 of the Finance Act, cited as Finance Act 2017 84, 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.