Amendment of First Schedule
Section 106 of the Finance Act, 2020 deals with amendment of First Schedule. Amendment of First Schedule. 106. In the First Schedule to the Income-tax Act, in rule 5, after clause (c), the following proviso shall be inserted, namely:— "Provided that any sum payable by the assessee under section 43B, which is added back in accordance with clause (a) of this rule, shall be all
Amendment of First Schedule.
106. In the First Schedule to the Income-tax Act, in rule 5, after clause (c), the following proviso shall be inserted, namely:—
"Provided that any sum payable by the assessee under section 43B, which is added back in accordance with clause (a) of this rule, shall be allowed as deduction in computing the income under the said rule in the previous year in which such sum is actually paid.".
Section 106, The Finance Act, 2020.
Questions about Section 106
What does Section 106 of the Finance Act deal with?
Section 106 of the Finance Act is headed "Amendment of First Schedule". Amendment of First Schedule. 106. In the First Schedule to the Income-tax Act, in rule 5, after clause (c), the following proviso shall be inserted, namely:— "Provided that any sum payable by the assessee under section 43B, which is added back in accordance with clause (a) of this rule, shall be all
How do I find court cases under Section 106 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 2020 106, section 106 Finance Act 2020, section 106 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was the Finance Act enacted?
Finance Act was enacted in 2020. 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
- 2. Income-tax5875 words
- 7. Amendment of Section 102233 words
- 53. Insertion of new sections 115BAC and 115BAD1625 words
- 153. Amendment of Act 28 of 20161366 words
- 116. Substitution of new section for section 8B1203 words
- 95. Amendment of Section 206C1116 words
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