Amendment of Section 192
Section 73 of the Finance Act, 2020 deals with amendment of Section 192. Amendment of section 192. 73. In section 192 of the Income-tax Act, after sub-section (1B), the following sub-section shall be inserted, namely:— "(1C) For the purposes of deducting or paying tax under sub-section (1) or sub-section (1A), as the case may be, a person, being an eligible start-up refe
Amendment of section 192.
73. In section 192 of the Income-tax Act, after sub-section (1B), the following sub-section shall be inserted, namely:—
"(1C) For the purposes of deducting or paying tax under sub-section (1) or sub-section (1A), as the case may be, a person, being an eligible start-up referred to in section 80-IAC, responsible for paying any income to the assessee being perquisite of the nature specified in clause (vi) of sub-section (2) of section 17 in any previous year relevant to the assessment year, beginning on or after the 1st day of April, 2021, shall deduct or pay, as the case may be, tax on such income within fourteen days—
(i) after the expiry of forty-eight months from the end of the relevant assessment year; or (ii) from the date of the sale of such specified security or sweat equity share by the assessee; or (iii) from the date of the assessee ceasing to be the employee of the person, whichever is the earliest, on the basis of rates in force for the financial year in which the said specified security or sweat equity share is allotted or transferred.".
Section 73, The Finance Act, 2020.
Cross-references
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Questions about Section 73
What does Section 73 of the Finance Act deal with?
Section 73 of the Finance Act is headed "Amendment of Section 192". Amendment of section 192. 73. In section 192 of the Income-tax Act, after sub-section (1B), the following sub-section shall be inserted, namely:— "(1C) For the purposes of deducting or paying tax under sub-section (1) or sub-section (1A), as the case may be, a person, being an eligible start-up refe
How do I find court cases under Section 73 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 73, section 73 Finance Act 2020, section 73 of the Finance Act. 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 73 of the Finance Act, and has it changed?
Its own text turns on section 17 (Amendment of Section 35), section 80 (Insertion of new section 194K), Income-tax Act 192 (Salary), so none of them can safely be read on its own.
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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