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Section50
The Finance Act, 2019 (No. 2)

Amendment of section 201

In force As on 08 Oct 2026

Ministry Finance Cited by 1 provision

Section 50 of the Finance Act, 2019 (No. 2) deals with amendment of section 201. Amendment of section 201 50. In section 201 of the Income-tax Act, with effect from the 1st day of September, 2019,— (a) | in sub-section (1), in the first proviso, for the word "resident" wherever it occurs, the word "payee" shall be substituted;

Amendment of section 201

50. In section 201 of the Income-tax Act, with effect from the 1st day of September, 2019,—

(a)in sub-section (1), in the first proviso, for the word "resident" wherever it occurs, the word "payee" shall be substituted;
(b)in sub-section (1A), in the proviso, for the word "resident" wherever it occurs, the word "payee" shall be substituted;
(c)in sub-section (3), after the words "credit is given", the words, brackets and figures "or two years from the end of the financial year in which the correction statement is delivered under the proviso to sub-section (3) of section 200, whichever is later" shall be inserted.
Section 50, 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. 200 Amendment of section 45
  2. s. 201 Insertion of new section 72A
  3. Income-tax Act s. 201 Consequences of failure to deduct or pay

Referred to by 1

  1. s. 100 Amendment of section 50

Questions about Section 50

What does Section 50 of the Finance Act, 2019 (No. 2) deal with?

Section 50 of the Finance Act, 2019 (No. 2) is headed "Amendment of section 201". Amendment of section 201 50. In section 201 of the Income-tax Act, with effect from the 1st day of September, 2019,— (a) | in sub-section (1), in the first proviso, for the word "resident" wherever it occurs, the word "payee" shall be substituted;

How do I find court cases under Section 50 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) 50, section 50 Finance Act, 2019 (No. 2), section 50 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 50 of the Finance Act, 2019 (No. 2), and has it changed?

Its own text turns on section 200 (Amendment of section 45), section 201 (Insertion of new section 72A), Income-tax Act 201 (Consequences of failure to deduct or pay), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

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.