# The Finance Act, 2022, Section 57: Amendment of section 194-IA

- Act: The Finance Act, 2022 (Act 6 of 2022)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2022/section/57/

## Text

Amendment of section 194-IA. 57.  In section 194-IA of the Income-tax Act,— (i) | in sub-section (1), after the words "one per cent. of such sum", the words "or the stamp duty value of such property, whichever is higher," shall be inserted; (ii) | in sub-section (2), for the words "immovable property is", the words "immovable property and the stamp duty value of such property, are both," shall be substituted; (iii) | in the Explanation, after clause (b), the following clause shall be inserted, namely:— '(c) "stamp duty value" shall have the same meaning as assigned to it in clause (f) of the Explanation to clause (vii) of sub-section (2) of section 56.'.

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