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Section204
The Finance Act, 2019 (No. 2)

Amendment of Act 51 of 2007

In force As on 12 Oct 2026

Ministry Finance

Section 204 of the Finance Act, 2019 (No. 2) deals with amendment of Act 51 of 2007. PART XV Amendment to the Payment and Settlement Systems Act, 2007 Amendment of Act 51 of 2007 204.

PART XV

Amendment to the Payment and Settlement Systems Act, 2007

Amendment of Act 51 of 2007

204. In the Payment and Settlement Systems Act, 2007, after section 10, the following section shall be inserted with effect from the 1st day of November, 2019, namely:--

"10A. Bank, etc., not to impose charge for using electronic modes of payment.—Notwithstanding anything contained in this Act, no bank or system provider shall impose, whether directly or indirectly, any charge upon a person making or receiving a payment by using the electronic modes of payment prescribed under section 269SU of the Income-tax Act, 1961 (43 of 1961).".

Section 204, The Finance Act, 2019 (No. 2).

Cross-references

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

This section refers to

  1. s. 10 Amendment of section 40
  2. Income-tax Act s. 269SU Acceptance of payment through prescribed electronic modes

Questions about Section 204

What does Section 204 of the Finance Act, 2019 (No. 2) deal with?

Section 204 of the Finance Act, 2019 (No. 2) is headed "Amendment of Act 51 of 2007". PART XV Amendment to the Payment and Settlement Systems Act, 2007 Amendment of Act 51 of 2007 204.

How do I find court cases under Section 204 of the Finance Act, 2019 (No. 2)?

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, 2019 (No. 2) 204, section 204 Finance Act, 2019 (No. 2), section 204 of the Finance Act, 2019 (No. 2). 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 204 of the Finance Act, 2019 (No. 2), and has it changed?

Its own text turns on section 10 (Amendment of section 40), Income-tax Act 269SU (Acceptance of payment through prescribed electronic modes), so none of them can safely be read on its own.

When was the Finance Act, 2019 (No. 2) enacted?

Finance Act, 2019 (No. 2) was enacted in 2019. 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

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.