An Act to give effect to the financial proposals of the Central Government for the financial year 2018-2019.

Act 13 of 2018 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 2018

What this Act covers

The Finance Act for 2018. Its First Schedule carries the rates of income-tax for the year; the rest amends the Income-tax Act and the other fiscal statutes. The rate of tax for a year is fixed here and not in the Income-tax Act.

Sections

Type to filter. 227 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 2
4. 4Amendment of section 9
5. 5Amendment of section 10
6. 6Amendment of section 11
7. 7Amendment of section 16
8. 8Amendment of section 17
9. 9Amendment of section 28
10. 10Amendment of section 36
11. 11Amendment of section 40A
12. 12Amendment of section 43
13. 13Insertion of new section 43AA
14. 14Amendment of section 43CA
15. 15Insertion of new section 43CB
16. 16Amendment of section 44AE
17. 17Amendment of section 47
18. 18Amendment of section 48
19. 19Amendment of section 49
20. 20Amendment of section 50C
21. 21Amendment of section 54EC
22. 22Amendment of section 55
23. 23Amendment of section 56
24. 24Amendment of section 79
25. 25Substitution of new section for section 80AC
26. 26Amendment of section 80D
27. 27Amendment of section 80DDB
28. 28Amendment of section 80-IAC
29. 29Amendment of section 80JJAA
30. 30Insertion of new section 80PA
31. 31Amendment of section 80TTA
32. 32Insertion of new section 80TTB
33. 33Insertion of new section 112A
34. 34Amendment of section 115AD
35. 35Amendment of section 115BA
36. 36Amendment of section 115BBE
37. 37Amendment of section 115JB
38. 38Amendment of section 115JC
39. 39Amendment of section 115JF
40. 40Amendment of section 115-O
41. 41Omission of Explanation occurring after section 115Q
42. 42Amendment of section 115R
43. 43Amendment of section 115T
44. 44Amendment of section 139A
45. 45Amendment of section 140
46. 46Amendment of section 143
47. 47Substitution of new sections 145A and 145B for section 145A
48. 48Amendment of section 193
49. 49Amendment of section 194A
50. 50Amendment of section 245-O
51. 51Amendment of section 245Q
52. 52Amendment of section 253
53. 53Amendment of section 271FA
54. 54Amendment of section 276CC
55. 55Amendment of section 286
56. 56Substitution of references to certain expressions by certain other expressions
57. 57Amendment of section 1
58. 58Amendment of section 2
59. 59Amendment of section 11
60. 60Amendment of section 17
61. 61Amendment of section 18
62. 62Insertion of new sections 25A and 25B
63. 63Amendment of section 28
64. 64Amendment of section 28E
65. 65Insertion of new section 28EA
66. 66Amendment of section 28F
67. 67Amendment of section 28H
68. 68Amendment of section 28-I
69. 69Amendment of section 28K
70. 70Insertion of new section 28KA
71. 71Amendment of section 28L
72. 72Substitution of new section for section 28M
73. 73Amendment of section 30
74. 74Amendment of section 41
75. 75Amendment of section 45
76. 76Amendment of section 46
77. 77Amendment of section 47
78. 78Amendment of section 50
79. 79Amendment of section 51
80. 80Insertion of new Chapter VIIA
81. 81Amendment of section 54
82. 82Amendment of section 60
83. 83Amendment of section 68
84. 84Amendment of section 69
85. 85Amendment of section 74
86. 86Amendment of section 75
87. 87Amendment of Chapter heading
88. 88Amendment of section 83
89. 89Amendment of section 84
90. 90Insertion of new Chapter XIIA
91. 91Insertion of new section 109A
92. 92Amendment of section 110
93. 93Amendment of section 122
94. 94Amendment of section 124
95. 95Amendment of section 125
96. 96Amendment of section 128A
97. 97Insertion of new section 143AA
98. 98Insertion of new section 151B
99. 99Substitution of new section for section 153
100. 100Amendment of section 157
101. 101Amendment of notification issued under sub-section (1) of section 25 of Customs Act and sub-section (12) of section 3 of Customs Tariff Act, retrospectively
102. 102Amendment of Customs Tariff Act, 1975
103. 103Amendment of First Schedule
104. 104Amendment of Second Schedule
105. 105Special provision for exemption from service tax in certain cases relating to life insurance services provided by Naval Group Insurance Fund to personnel of Coast Guard retrospectively
106. 106Special provision for exemption from service tax in certain cases relating to services provided or agreed to be provided by Goods and Services Tax Network, retrospectively
107. 107Special provision for retrospective exemption from service tax on Government's share of profit petroleum
108. 108Repeal and savings of certain enactments
109. 109Collection and payment of arrears of duties
110. 110Social Welfare Surcharge on imported goods
111. 111Road and Infrastructure Cess on imported goods
112. 112Road and Infrastructure Cess on excisable goods
113. 113Commencement of this Part
114. 114Substitution of long title to Act 5 of 1873
115. 115Amendment of short title
116. 116Substitution of words "Authorised Officer" for the word "Secretary" throughout Act
117. 117Omission of section 2
118. 118Substitution of new sections 3, 3A and 3B for section 3
119. 119Amendment of section 4
120. 120Amendment of section 4A
121. 121Amendment of section 5
122. 122Amendment of section 6
123. 123Amendment of section 7
124. 124Insertion of new section 7A
125. 125Amendment of section 8
126. 126Amendment of section 10
127. 127Amendment of section 12
128. 128Insertion of new section 12A
129. 129Omission of heading
130. 130Omission of section 13
131. 131Amendment of section 14
132. 132Insertion of new section 14A
133. 133Amendment of section 15
134. 134Insertion of new section and Schedule
135. 135Amendment of section 17 of Act 2 of 1934
136. 136Commencement of this Part
137. 137Amendment of section 1A
138. 138Amendment of section 2
139. 139Amendment of section 3A
140. 140Amendment of section 3 of Act 20 of 1953
141. 141Commencement of this Part
142. 142Amendment of section 3
143. 143Amendment of section 4
144. 144Amendment of section 8A
145. 145Amendment of section 8AC
146. 146Commencement of this Part
147. 147Amendment of section 12A
148. 148Amendment of section 23
149. 149Amendment of section 23A
150. 150Amendment of section 23E
151. 151Amendment of section 23G
152. 152Insertion of new section 23GA
153. 153Amendment of section 23-I
154. 154Amendment of section 23J
155. 155Amendment of section 23JA
156. 156Amendment of section 23JB
157. 157Insertion of new section 23JC
158. 158Amendment of section 23M
159. 159Amendment of section 24
160. 160Amendment of Act 54 of 1963
161. 161Amendment of section 3 of Act 43 of 1982
162. 162Commencement of this Part
163. 163Amendment of section 3
164. 164Amendment of section 4
165. 165Amendment of section 5
166. 166Amendment of section 6
167. 167Amendment of section 7
168. 168Amendment of section 16
169. 169Amendment of section 29A
170. 170Amendment of section 33
171. 171Amendment of section 33B
172. 172Amendment of section 37
173. 173Amendment of section 39
174. 174Amendment of section 40
175. 175Amendment of section 43
176. 176Amendment of section 45A
177. 177Amendment of section 55
178. 178Commencement of this Part
179. 179Amendment of section 11
180. 180Amendment of section 11B
181. 181Amendment of section 15A
182. 182Insertion of new section 15EA and 15EB
183. 183Amendment of section 15F
184. 184Amendment of section 15-I
185. 185Amendment of section 15J
186. 186Amendment of section 15JB
187. 187Amendment of section 24
188. 188Amendment of section 27
189. 189Amendment of section 28A
190. 190Insertion of new section 28B
191. 191Commencement of this Part
192. 192Amendment of section 19
193. 193Amendment of section 19A
194. 194Insertion of new section 19FA
195. 195Amendment of section 19H
196. 196Amendment of section 19-I
197. 197Amendment of section 19-IA
198. 198Amendment of section 19-IB
199. 199Insertion of new section 19-IC
200. 200Amendment of Chapter V
201. 201Amendment of section 20
202. 202Amendment of section 21
203. 203Omission of heading
204. 204Amendment of section 2 of Act 30 of 1997
205. 205Commencement of this Part
206. 206Amendment of Act 54 of 2000
207. 207Commencement of this Part
208. 208Amendments of Act 15 of 2003
209. 209Commencement of this Part
210. 210Amendment of long title
211. 211Amendment of section 2
212. 212Amendment of section 3
213. 213Amendment of section 4
214. 214Amendment of section 5
215. 215Amendment of section 7
216. 216Amendment of section 8
217. 217Amendment of Act 23 of 2004
218. 218Amendment of Act 17 of 2013
219. 219Amendment of Act 22 of 2015
220. 220Amendment of Act 28 of 2016
221. 221Amendment of section 2 of Act 12 of 2017
222. First ScheduleINCOME-TAX
223. Second ScheduleSecond Schedule
224. Third ScheduleThird Schedule
225. Fourth ScheduleFourth Schedule
226. Fifth ScheduleFifth Schedule
227. Sixth ScheduleSixth Schedule

Related Acts

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• The Finance Act, 2019 (No. 2)217 sections
• The Central Goods and Services Tax Rules, 2017213 sections
• The Finance Act, 2017198 sections
• The Central Goods and Services Tax Act, 2017188 sections
• The Banning of Unregulated Deposit Schemes Act, 201944 sections
• The International Financial Services Centres Authority Act, 201934 sections
• The Union Territory Goods and Services Tax Act, 201729 sections

Provenance. 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.

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. Every one of the 227 sections of this Act has its own page. This page is not a substitute for legal advice.