Amendment of section 196D
Section 55 of the Finance Act, 2021 deals with amendment of section 196D. Amendment of section 196D. 55. In section 196D of the Income-tax Act, in sub-section (1), the following proviso shall be inserted, namely:— "Provided that where an agreement referred to in sub-section (1) of section 90 or sub-section (1) of section 90A applies to the payee and if the payee has furni
Amendment of section 196D.
55. In section 196D of the Income-tax Act, in sub-section (1), the following proviso shall be inserted, namely:—
"Provided that where an agreement referred to in sub-section (1) of section 90 or sub-section (1) of section 90A applies to the payee and if the payee has furnished a certificate referred to in sub-section (4) of section 90 or sub-section (4) of section 90A, as the case may be, then, income-tax thereon shall be deducted at the rate of twenty per cent or at the rate or rates of income-tax provided in such agreement for such income, whichever is lower.".
Section 55, The Finance Act, 2021.
Cross-references
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Referred to by 1
Questions about Section 55
What does Section 55 of the Finance Act deal with?
Section 55 of the Finance Act is headed "Amendment of section 196D". Amendment of section 196D. 55. In section 196D of the Income-tax Act, in sub-section (1), the following proviso shall be inserted, namely:— "Provided that where an agreement referred to in sub-section (1) of section 90 or sub-section (1) of section 90A applies to the payee and if the payee has furni
How do I find court cases under Section 55 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 2021 55, section 55 Finance Act 2021, section 55 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 55 of the Finance Act, and has it changed?
Its own text turns on section 90 (Amendment of section 5), Income-tax Act 196D (Income of Foreign Institutional Investors from securities), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was the Finance Act enacted?
Finance Act was enacted in 2021. 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
- Fourth Schedule. Fourth Schedule26628 words
- First Schedule. First Schedule9574 words
- 2. Income-tax5993 words
- 6. Amendment of section 103582 words
- 130. Substitution of new section for section 43513 words
- 131. Substitution of new section for section 52699 words
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