Amendment of Section 194J
Section 79 of the Finance Act, 2020 deals with amendment of Section 194J. Amendment of section 194J. 79. In section 194J of the Income-tax Act, in sub-section (1),— (a) | in the long line, for the words "ten per cent of such sum", the words and brackets "two per cent of such sum in case of fees for technical services (not being a professional services) or royalty where su
Amendment of section 194J.
79. In section 194J of the Income-tax Act, in sub-section (1),—
Section 79, The Finance Act, 2020.
(a) in the long line, for the words "ten per cent of such sum", the words and brackets "two per cent of such sum in case of fees for technical services (not being a professional services) or royalty where such royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic films and ten per cent of such sum in other cases," shall be substituted; (b) in the second proviso, for the words, brackets, letters and figures "the monetary limits specified under clause (a) or clause (b) of section 44AB", the words "one crore rupees in case of business or fifty lakh rupees in case of profession" shall be substituted.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 79
What does Section 79 of the Finance Act deal with?
Section 79 of the Finance Act is headed "Amendment of Section 194J". Amendment of section 194J. 79. In section 194J of the Income-tax Act, in sub-section (1),— (a) | in the long line, for the words "ten per cent of such sum", the words and brackets "two per cent of such sum in case of fees for technical services (not being a professional services) or royalty where su
How do I find court cases under Section 79 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 79, section 79 Finance Act 2020, section 79 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 79 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 194J (Fees for professional or technical services), 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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