An Act to give effect to the financial proposals of the Central Government for the financial year 2019-2020.

Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 2019

What this Act covers

The Finance Act for 2019. 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. 22 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 16
4. 4Amendment of section 23
5. 5Amendment of section 24
6. 6Amendment of section 54
7. 7Amendment of section 80-IBA
8. 8Amendment of section 87A
9. 9Amendment of section 194A
10. 10Amendment of section 194-I
11. 11Commencement of this Part
12. 12Amendment of section 2
13. 13Amendment of section 4
14. 14Substitution of new section for section 8A
15. 15Insertion of new Part AA
16. 16Amendment of section 21
17. 17Amendment of section 29
18. 18Insertion of New section 62A
19. 19Insertion of new section 73A
20. 20Amendment of section 76
21. 21Amendment of Schedule I
22. 22Amendment of section 8 of Act 15 of 2003

Related Acts

• The Finance Act, 2019 (No. 2)217 sections
• The Banning of Unregulated Deposit Schemes Act, 201944 sections
• The International Financial Services Centres Authority Act, 201934 sections
• The Finance Act, 2018227 sections
• The Finance Act, 2020157 sections
• The Fugitive Economic Offenders Act, 201826 sections
• The Direct Tax Vivad se Vishwas Act, 202012 sections
• The Bilateral Netting of Qualified Financial Contracts Act, 202011 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 22 sections of this Act has its own page. This page is not a substitute for legal advice.