Amendment of section 2

In force Act 13 of 2018 As on 09 Oct 2026

Act 13 of 2018 Ministry Finance

Section 211 of the Finance Act, 2018 deals with amendment of section 2. Amendment of section 2 211. In section 2 of the principal Act,— (i) | for clause (aa), the following clause shall be substituted, namely:— '(aa) "Central Government debt" at any date means— (i) | the total outstanding liabilities of the Central Government on the security of the Consolidated Fund of

Amendment of section 2
211. In section 2 of the principal Act,—
(i) for clause (aa), the following clause shall be substituted, namely:—
'(aa) "Central Government debt" at any date means—
(i) the total outstanding liabilities of the Central Government on the security of the Consolidated Fund of India, including external debt valued at current exchange rates;
(ii) the total outstanding liabilities in the public account of India; and
(iii) such financial liabilities of any body corporate or other entity owned or controlled by the Central Government, which the Government is to repay or service from the annual financial statement, reduced by the cash balance available at the end of that date;';
(ii) for clause (bb), the following clauses shall be substituted, namely:—
'(bb) "general Government debt" means the sum total of the debt of the Central Government and the State Governments, excluding inter-Governmental liabilities;
(bc) "gross domestic product" means the sum of the gross value added by all resident production units plus that part of taxes, less subsidies, on products, which is not included in the valuation of output, during a financial year, reckoned at current market prices, as published by the Central Statistics Office from time to time;
(iii) after clause (c), the following clauses shall be inserted, namely:—
'(ca) ''real gross domestic product'' means gross domestic product, reckoned at constant prices, as published by the Central Statistics Office from time to time;
(cb) ''real output growth'' means growth in real gross domestic product;'';
(iv) clauses (e) and (f) shall be omitted.
Section 211, The Finance Act, 2018 (Act 13 of 2018).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

s. 2 Income-tax

Questions about Section 211

What does Section 211 of the Finance Act deal with?

Section 211 of the Finance Act is headed "Amendment of section 2". Amendment of section 2 211. In section 2 of the principal Act,— (i) | for clause (aa), the following clause shall be substituted, namely:— '(aa) "Central Government debt" at any date means— (i) | the total outstanding liabilities of the Central Government on the security of the Consolidated Fund of

How do I find court cases under Section 211 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 2018 211, section 211 Finance Act 2018, section 211 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 211 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2018 as Act 13 of 2018. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

First Schedule. INCOME-TAX8472 words
2. Income-tax4233 words
206. Amendment of Act 54 of 20001580 words
Second Schedule. Second Schedule1062 words
33. Insertion of new section 112A756 words
63. Amendment of section 28707 words

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(i)		for clause (aa), the following clause shall be substituted, namely:—
		'(aa) "Central Government debt" at any date means—

(i)		the total outstanding liabilities of the Central Government on the security of the Consolidated Fund of India, including external debt valued at current exchange rates;
(ii)		the total outstanding liabilities in the public account of India; and
(iii)		such financial liabilities of any body corporate or other entity owned or controlled by the Central Government, which the Government is to repay or service from the annual financial statement, reduced by the cash balance available at the end of that date;';

(ii)		for clause (bb), the following clauses shall be substituted, namely:—
		'(bb) "general Government debt" means the sum total of the debt of the Central Government and the State Governments, excluding inter-Governmental liabilities;
		(bc) "gross domestic product" means the sum of the gross value added by all resident production units plus that part of taxes, less subsidies, on products, which is not included in the valuation of output, during a financial year, reckoned at current market prices, as published by the Central Statistics Office from time to time;
(iii)		after clause (c), the following clauses shall be inserted, namely:—
		'(ca) ''real gross domestic product'' means gross domestic product, reckoned at constant prices, as published by the Central Statistics Office from time to time;
		(cb) ''real output growth'' means growth in real gross domestic product;'';
(iv)		clauses (e) and (f) shall be omitted.