Amendment of Section 194LC
Section 82 of the Finance Act, 2020 deals with amendment of Section 194LC. Amendment of section 194LC. 82. In section 194LC of the Income-tax Act,— (i) | in sub-section (1), the following proviso shall be inserted, namely:— "Provided that in case of income by way of interest referred to clause (ib) of sub-section (2), the income-tax shall be deducted at the rate of four pe
Amendment of section 194LC.
82. In section 194LC of the Income-tax Act,—
(i) in sub-section (1), the following proviso shall be inserted, namely:— "Provided that in case of income by way of interest referred to clause (ib) of sub-section (2), the income-tax shall be deducted at the rate of four per cent"; (ii) in sub-section (2),—
(a) in clause (i), in sub-clause (a) and sub-clause (c), for the figures "2020", the figures "2023" shall be substituted; (b) in clause (ia), for the figures and word "2020, and", the figures and word "2023, or" shall be substituted; (c) after clause (ia), the following clause shall be inserted, namely:— "(ib) in respect of monies borrowed by it from a source outside India by way of issue of any long-term bond or rupee denomi- nated bond on or after the 1st day of April, 2020 but before the 1st day of July, 2023, which is listed only on a recognised stock exchange located in any International Financial Services Centre, and";
(iii) in the Explanation, after clause (b), the following clauses shall be inserted, namely:— Section 82, The Finance Act, 2020.
'(c) "International Financial Services Centre" shall have the meaning assigned to it in clause (q) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005); (d) "recognised stock exchange" shall have the meaning assigned to it in clause (ii) of Explanation 1 to clause (5) of section 43.'.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 82
What does Section 82 of the Finance Act deal with?
Section 82 of the Finance Act is headed "Amendment of Section 194LC". Amendment of section 194LC. 82. In section 194LC of the Income-tax Act,— (i) | in sub-section (1), the following proviso shall be inserted, namely:— "Provided that in case of income by way of interest referred to clause (ib) of sub-section (2), the income-tax shall be deducted at the rate of four pe
How do I find court cases under Section 82 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 82, section 82 Finance Act 2020, section 82 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 82 of the Finance Act, and has it changed?
Its own text turns on section 43 (Amendment of Section 92CB), Income-tax Act 194LC (Income by way of interest from Indian company), 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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