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Section29
The Finance Act, 2022

Amendment of section 115JC

In force Act 6 of 2022 As on 09 Oct 2026

Act 6 of 2022 Ministry Finance Cited by 1 provision

Section 29 of the Finance Act, 2022 deals with amendment of section 115JC. Amendment of section 115JC. 29. In section 115JC of the Income-tax Act, for sub-section (4), the following sub-section shall be substituted with effect from the 1st day of April, 2023, namely:— '(4) Notwithstanding anything contained in sub-section (1), where the person referred to therein, is a— (i

Amendment of section 115JC.

29. In section 115JC of the Income-tax Act, for sub-section (4), the following sub-section shall be substituted with effect from the 1st day of April, 2023, namely:—

'(4) Notwithstanding anything contained in sub-section (1), where the person referred to therein, is a—

(i)unit located in an International Financial Services Centre and derives its income solely in convertible foreign exchange, the provisions of sub-section (1) shall have effect as if for the words "eighteen and one-half per cent.", the words "nine per cent." had been substituted;
(ii)co-operative society, the provisions of sub-section (1) shall have effect as if for the words "eighteen and one-half per cent.", the words "fifteen per cent." had been substituted.'.
Section 29, The Finance Act, 2022 (Act 6 of 2022).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 115JC Special provisions for payment of tax by certain persons other than a company

Referred to by 1

  1. s. 101 Amendment of section 29

Questions about Section 29

What does Section 29 of the Finance Act deal with?

Section 29 of the Finance Act is headed "Amendment of section 115JC". Amendment of section 115JC. 29. In section 115JC of the Income-tax Act, for sub-section (4), the following sub-section shall be substituted with effect from the 1st day of April, 2023, namely:— '(4) Notwithstanding anything contained in sub-section (1), where the person referred to therein, is a— (i

How do I find court cases under Section 29 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 2022 29, section 29 Finance Act 2022, section 29 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 29 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 115JC (Special provisions for payment of tax by certain persons other than a company), 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 2022 as Act 6 of 2022. 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.