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Section81
The Finance Act, 2020

Amendment of Section 194LBA

In force As on 07 Oct 2026

Ministry Finance

Section 81 of the Finance Act, 2020 deals with amendment of Section 194LBA. Amendment of section 194LBA. 81. In section 194LBA of the Income-tax Act,— (a) | the words, brackets and letter "sub-clause (a) of" at both the places where they occur shall be omitted;

Amendment of section 194LBA.

81. In section 194LBA of the Income-tax Act,—

(a)the words, brackets and letter "sub-clause (a) of" at both the places where they occur shall be omitted;
(b)in sub-section (2), for the words "five per cent", the words, brackets and letters "five per cent in case of income of the nature referred to in sub-clause (a) and ten per cent in case of income of the nature referred to in sub-clause (b), of the said clause" shall be substituted;
(c)after sub-section (2), the following sub-section shall be inserted, namely:—
"(2A)Nothing contained in sub-sections (1) and (2) shall apply in respect of income of the nature referred to in sub-clause (b) of clause (23FC) of section 10, if the special purpose vehicle referred to in the said clause has not exercised the option under section 115BAA.".
Section 81, The Finance Act, 2020.

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 12A
  2. Income-tax Act s. 194LBA Certain income from units of a business trust

Questions about Section 81

What does Section 81 of the Finance Act deal with?

Section 81 of the Finance Act is headed "Amendment of Section 194LBA". Amendment of section 194LBA. 81. In section 194LBA of the Income-tax Act,— (a) | the words, brackets and letter "sub-clause (a) of" at both the places where they occur shall be omitted;

How do I find court cases under Section 81 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 81, section 81 Finance Act 2020, section 81 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 81 of the Finance Act, and has it changed?

Its own text turns on section 10 (Amendment of Section 12A), Income-tax Act 194LBA (Certain income from units of a business trust), 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

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.