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. 217 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 2
4. 4Amendment of section 9
5. 5Amendment of section 9A
6. 6Amendment of section 10
7. 7Amendment of section 12AA
8. 8Amendment of section 13A
9. 9Amendment of section 35AD
10. 10Amendment of section 40
11. 11Amendment of section 40A
12. 12Amendment of section 43
13. 13Amendment of section 43B
14. 14Amendment of section 43CA
15. 15Amendment of section 43D
16. 16Amendment of section 44AD
17. 17Amendment of section 47
18. 18Amendment of section 50C
19. 19Amendment of section 50CA
20. 20Amendment of section 54GB
21. 21Amendment of section 56
22. 22Substitution of section 79
23. 23Amendment of section 80C
24. 24Amendment of section 80CCD
25. 25Insertion of new sections 80EEA and 80EEB
26. 26Amendment of section 80-IBA
27. 27Amendment of section 80JJAA
28. 28Amendment of section 80LA
29. 29Amendment of section 92CD
30. 30Amendment of section 92CE
31. 31Substitution of section 92D
32. 32Amendment of section 111A
33. 33Amendment of section 115A
34. 34Amendment of section 115JB
35. 35Amendment of section 115-O
36. 36Amendment of section 115QA
37. 37Amendment of section 115R
38. 38Amendment of section 115UB
39. 39Amendment of section 139
40. 40Amendment of section 139A
41. 41Amendment of section 139AA
42. 42Amendment of section 140A
43. 43Amendment of section 143
44. 44Amendment of section 194DA
45. 45Amendment of section 194-IA
46. 46Insertion of new sections 194M and 194N
47. 47Amendment of section 195
48. 48Amendment of section 197
49. 49Amendment of section 198
50. 50Amendment of section 201
51. 51Substitution of section 206A
52. 52Amendment of section 228A
53. 53Amendment of section 234A
54. 54Amendment of section 234B
55. 55Amendment of section 234C
56. 56Amendment of section 239
57. 57Amendment of section 246A
58. 58Amendment of section 269SS
59. 59Amendment of section 269ST
60. 60Insertion of new section 269SU
61. 61Amendment of section 269T
62. 62Amendment of section 270A
63. 63Insertion of new section 271DB
64. 64Amendment of section 271FAA
65. 65Amendment of section 272B
66. 66Amendment of section 276CC
67. 67Amendment of section 285BA
68. 68Amendment of section 286
69. 69Amendment of rule 68B of Second Schedule
70. 70Amendment of section 41
71. 71Insertion of New Chapter XIIB
72. 72Amendment of section 103
73. 73Amendment of section 104
74. 74Amendment of section 110
75. 75Amendment of section 110A
76. 76Insertion of new section 114AB
77. 77Amendment of section 117
78. 78Amendment of section 125
79. 79Amendment of section 135
80. 80Amendment of section 149
81. 81Amendment of section 157
82. 82Amendment of section 158
83. 83Amendment of notifications issued under sub-section (1) of section 25 of Customs Act, retrospectively
84. 84Amendment 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
85. 85Retrospective effect of notification issued under sub-section (1) of section 25 of Customs Act and sub-section (12) of section 3 of Customs Tariff Act
86. 86Amendment of section 9
87. 87Amendment of section 9C
88. 88Amendment of First Schedule
89. 89Validation of modification in classification of certain goods leviable to anti-dumping duty with retrospective effect
90. 90Validation of modification in description of goods with retrospective effect
91. 91Amendment of Fourth Schedule
92. 92Amendment of section 2
93. 93Amendment of section 10
94. 94Amendment of section 22
95. 95Amendment of section 25
96. 96Insertion of new section 31A
97. 97Amendment of section 39
98. 98Amendment of section 44
99. 99Amendment of section 49
100. 100Amendment of section 50
101. 101Amendment of section 52
102. 102Insertion of new section 53A
103. 103Amendment of section 54
104. 104Amendment of section 95
105. 105Insertion of new sections 101A, 101B and 101C
106. 106Amendment of section 102
107. 107Amendment of section103
108. 108Amendment of section 104
109. 109Amendment of section 105
110. 110Amendment of section 106
111. 111Amendment of section 168
112. 112Amendment of section 171
113. 113Amendment of notification number G.S.R. 674(E) issued under sub-section (1) of section 11 of Central Goods and Services Tax Act, retrospectively
114. 114Insertion of new section 17A
115. 115Amendment of notification number G.S.R. 667(E) issued under sub-section (1) of section 6 of Integrated Goods and Services Tax Act, retrospectively
116. 116Amendment of notification number G.S.R. 711(E) issued under subsection (1) of section 8 of Union Territory Goods and Services Tax Act, retrospectively
117. 117Special provision for retrospective exemption from service tax on service by way of grant of liquor licence
118. 118Special provision for retrospective exemption from service tax in certain cases relating to services provided by Indian Institutes of Management to students
119. 119Special provision for retrospective exemption from service tax in certain cases relating to long term lease of plots for development of infrastructure for financial business
120. 120Short title and commencement
121. 121Definitions
122. 122Application of Scheme to indirect tax enactments
123. 123Tax dues
124. 124Relief available under Scheme
125. 125Declaration under Scheme
126. 126Verification of declaration by designated committee
127. 127Issue of statement by designated committee
128. 128Rectification of errors
129. 129Issue of discharge certificate to be conclusive of matter and time period
130. 130Restrictions of Scheme
131. 131Removal of doubts
132. 132Power to make rules
133. 133Power to issue orders, instructions, etc
134. 134Removal of difficulties
135. 135Protection to officers
136. 136Commencement of this Part
137. 137Amendment of section 45- IA
138. 138Insertion of new sections 45-ID and 45- IE
139. 139Insertion of new section 45MAA
140. 140Insertion of new section 45MBA
141. 141Insetion of new section 45NAA
142. 142Amendment of section 58B
143. 143Amendment of section 58G
144. 144Amendment of Act 4 of 1938
145. 145Commencement of this Part
146. 146Amendment of Act 42 of 1956
147. 147Commencement of this Part
148. 148Amendment of Act 5 of 1970
149. 149Amendment of Act 57 of 1972
150. 150Commencement of this Part
151. 151Amendment of Act 40 of 1980
152. 152Commencement of this Part
153. 153Substitution of heading of Chapter V
154. 154Amendment of section 29A
155. 155Amendment of section 29B
156. 156Amendment of section 29C
157. 157Substitution of section 30
158. 158Substitution of section 30A
159. 159Substitution of section 31
160. 160Substitution of section 32
161. 161Amendment of section 33
162. 162Substitution of section 33A
163. 163Amendment of section 33B
164. 164Amendment of section 34
165. 165Amendment of section 35
166. 166Amendment of section 35A
167. 167Substitution of section 35B
168. 168Amendment of section 44
169. 169Amendment of section 46
170. 170Amendment of section 49
171. 171Amendment of section 51
172. 172Substitution of section 52A
173. 173Amendment of section 23
174. 174Amendment of section 24
175. 175Amendment of section 26
176. 176Amendment of section 30
177. 177Amendment of section 46
178. 178Amendment of section 47
179. 179Insertion of new sections 54A and 54B
180. 180Amendment of section 55
181. 181Commencement of this Part
182. 182Amendment of section 14
183. 183Amendment of section 15C
184. 184Amendment of section 15F
185. 185Insertion of new section 15HAA
186. 186Amendment of section 10
187. 187Amendment of section 11
188. 188Amendment of section 12
189. 189Amendment of Act 20 of 2002
190. 190Amendment of Act 58 of 2002
191. 191Commencement of this Part
192. 192Amendment of section 2
193. 193Amendment of section 3
194. 194Amendment of section 12A
195. 195Insertion of new section 12AA
196. 196Amendment of section 15
197. 197Amendment of section 17
198. 198Amendment of section 18
199. 199Amendment of section 44
200. 200Amendment of section 45
201. 201Insertion of new section 72A
202. 202Amendment of section 73
203. 203Amendment of Act 23 of 2004
204. 204Amendment of Act 51 of 2007
205. 205Amendment of section 2
206. 206Amendment of section 10
207. 207Amendment of section 17
208. 208Amendment of section 84
209. 209Amendment of section 187
210. 210Amendment of section 191
211. 211Amendment of Act 13 of 2018
212. 212Repeal
213. First ScheduleIncome-tax
214. Second Schedule-
215. Third Schedule-
216. Fourth Schedule-
217. Fifth Schedule-

Related Acts

• The Banning of Unregulated Deposit Schemes Act, 201944 sections
• The International Financial Services Centres Authority Act, 201934 sections
• The Finance Act, 2019 (No. 1)22 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 217 sections of this Act has its own page. This page is not a substitute for legal advice.