An Act to give effect to the financial proposals of the Central Government for the financial year 2021-2022.

Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 2021

What this Act covers

The Finance Act for 2021. Its First Schedule carries the rates of income-tax for the year; the rest amends the Income-tax Act and the other fiscal statutes. The rate of tax for a year is fixed here and not in the Income-tax Act.

Sections

Type to filter. 180 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 2
4. 4Amendment of section 9A
5. 5Insertion of new section 9B
6. 6Amendment of section 10
7. 7Amendment of section 11
8. 8Amendment of section 32
9. 9Amendment of section 36
10. 10Amendment of section 43
11. 11Amendment of section 43B
12. 12Amendment of section 43CA
13. 13Amendment of section 44AB
14. 14Amendment of section 44ADA
15. 15Amendment of section 44DB
16. 16Amendment of section 45
17. 17Amendment of section 47
18. 18Amendment of section 48
19. 19Amendment of section 49
20. 20Amendment of section 50
21. 21Amendment of section 50B
22. 22Amendment of section 54GB
23. 23Amendment of section 55
24. 24Amendment of section 56
25. 25Amendment of section 72A
26. 26Amendment of section 79
27. 27Amendment of section 80EEA
28. 28Amendment of section 80-IAC
29. 29Amendment of section 80-IBA
30. 30Amendment of section 80LA
31. 31Insertion of new section 89A
32. 32Amendment of section 112A
33. 33Amendment of section 115ACA
34. 34Amendment of section 115AD
35. 35Amendment of section 115JB
36. 36Amendment of section 115UB
37. 37Amendment of section 139
38. 38Amendment of section 142
39. 39Amendment of section 143
40. 40Substitution of new section for section 147
41. 41Substitution of new section for section 148
42. 42Insertion of new section 148A
43. 43Substitution of new section for section 149
44. 44Substitution of new section for section 151
45. 45Amendment of section 151A
46. 46Amendment of section 153
47. 47Amendment of section 153A
48. 48Amendment of section 153B
49. 49Amendment of section 153C
50. 50Amendment of section 194
51. 51Amendment of section 194A
52. 52Amendment of section 194-IB
53. 53Insertion of new section 194P
54. 54Insertion of new section 194Q
55. 55Amendment of section 196D
56. 56Amendment of section 206AA
57. 57Insertion of new section 206AB
58. 58Insertion of new section 206CCA
59. 59Amendment of section 234C
60. 60Amendment of section 234F
61. 61Insertion of new section 234H
62. 62Amendment of section 245A
63. 63Insertion of new section 245AA
64. 64Amendment of section 245B
65. 65Amendment of section 245BC
66. 66Amendment of section 245BD
67. 67Amendment of section 245C
68. 68Amendment of section 245D
69. 69Amendment of section 245DD
70. 70Amendment of section 245F
71. 71Amendment of section 245G
72. 72Amendment of section 245H
73. 73Insertion of new section 245M
74. 74Insertion of new Chapter XIX-AA
75. 75Amendment of section 245N
76. 76Amendment of section 245-O
77. 77Insertion of new section 245-OB
78. 78Amendment of section 245P
79. 79Amendment of section 245Q
80. 80Amendment of section 245R
81. 81Amendment of section 245S
82. 82Amendment of section 245T
83. 83Amendment of section 245U
84. 84Amendment of section 245V
85. 85Insertion of new section 245W
86. 86Amendment of section 255
87. 87Amendment of section 263
88. 88Amendment of section 281B
89. 89Amendment of section 2
90. 90Amendment of section 5
91. 91Amendment of section 25
92. 92Insertion of new section 28BB
93. 93Amendment of section 46
94. 94Amendment of section 110
95. 95Amendment of section 113
96. 96Insertion of new section 114AC
97. 97Amendment of section 139
98. 98Amendment of section 149
99. 99Amendment of section 153
100. 100Insertion of new section 154C
101. 101Amendment of section 8B
102. 102Amendment of section 9
103. 103Amendment of section 9A
104. 104Amendment of First Schedule
105. 105Amendment of Fourth Schedule
106. 106Amendment Chapter 27 Fourth Schedule
107. 107Revised date of effect to amendments made in Fourth Schedule vide notification issued under section 3C of Central Excise Act, 1944
108. 108Amendment of section 7
109. 109Amendment of section 16
110. 110Amendment of section 35
111. 111Substitution of new section for section 44
112. 112Amendment of section 50
113. 113Amendment of section 74
114. 114Amendment of section 75
115. 115Amendment of section 83
116. 116Amendment of section 107
117. 117Amendment of section 129
118. 118Amendment of section 130
119. 119Substitution of new section for section 151
120. 120Amendment of section 152
121. 121Amendment of section 168
122. 122Amendment to Schedule II
123. 123Amendment of section 16
124. 124Agriculture Infrastructure and Development Cess on imported goods
125. 125Agriculture Infrastructure and Development Cess on excisable goods
126. 126Insertion of new section 8G
127. 127Amendment of Act 49 of 1950
128. 128Commencement of this Part
129. 129Amendment of section 2
130. 130Substitution of new section for section 4
131. 131Substitution of new section for section 5
132. 132Substitution of section 19
133. 133Substitution of section 20
134. 134Amendment of section 22
135. 135Insertion of new section 23A
136. 136Substitution of section 24
137. 137Substitution of section 25
138. 138Amendment of section 26
139. 139Amendment of section 27
140. 140Amendment of section 28
141. 141Amendment of section 28A
142. 142Insertion of new sections 28B and 28C
143. 143Substitution of sections 46 and 47
144. 144Amendment of section 48
145. 145Amendment of section 49
146. 146Insertion of new sections 50 and 51
147. 147Commencement of this Part
148. 148Amendment of section 2
149. 149Insertion of new section 30B
150. 150Amendment of Act 74 of 1956
151. 151Commencement of this Part
152. 152Amendment of Act 12 of 1974
153. 153Commencement of this Part
154. 154Amendment of section 2
155. 155Substitution of section 7
156. 156Omission of sections 8 to 17
157. 157Amendment of section 26
158. 158Amendment of section 68
159. 159Amendment of Act 15 of 1992
160. 160Amendment of Act 51 of 1993
161. 161Amendment of Seventh Schedule
162. 162Amendment of Act 54 of 2002
163. 163Amendment of Act 58 of 2002
164. 164Commencement of this Part
165. 165Amendment of section 3
166. 166Commencement of this Part
167. 167Amendment of section 97
168. 168Amendment of section 98
169. 169Amendment of section 100
170. 170Amendment of section 101
171. 171Amendment of Act 28 of 2016
172. 172Amendment of Act 3 of 2020
173. 173Amendment of Act 38 of 2020
174. First ScheduleFirst Schedule
175. Second ScheduleSecond Schedule
176. Third ScheduleThird Schedule
177. Fourth ScheduleFourth Schedule
178. Fifth ScheduleFifth Schedule
179. Sixth ScheduleSixth Schedule
180. Seventh ScheduleSeventh Schedule

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Provenance. 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.

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. Every one of the 180 sections of this Act has its own page. This page is not a substitute for legal advice.