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IndiaCode Laws
Act8
Enacted 2023

The Finance Act, 2023

In force 181 sections Finance

An Act to give effect to the financial proposals of the Central Government for the financial year 2023-2024.

Act 8 of 2023 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 2023

What this Act covers

The Finance Act for 2023. 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. 181 sections.

  1. 1Short title and commencement
  2. 2Income-tax
  3. 3Amendment of section 2
  4. 4Amendment of section 9
  5. 5Amendment of section 10
  6. 6Amendment of section 10AA
  7. 7Amendment of section 11
  8. 8Amendment of section 12A
  9. 9Amendment of section 12AB
  10. 10Amendment of section 17
  11. 11Amendment of section 28
  12. 12Amendment of section 35D
  13. 13Amendment of section 43B
  14. 14Amendment of section 43D
  15. 15Amendment of section 44AB
  16. 16Amendment of section 44AD
  17. 17Amendment of section 44ADA
  18. 18Amendment of section 44BB
  19. 19Amendment of section 44BBB
  20. 20Amendment of section 45
  21. 21Amendment of section 47
  22. 22Amendment of section 48
  23. 23Amendment of section 49
  24. 24Insertion of new section 50AA
  25. 25Amendment of section 54
  26. 26Amendment of section 54EA
  27. 27Amendment of section 54EB
  28. 28Amendment of section 54EC
  29. 29Amendment of section 54ED
  30. 30Amendment of section 54F
  31. 31Amendment of section 55
  32. 32Amendment of section 56
  33. 33Amendment of section 72A
  34. 34Amendment of section 72AA
  35. 35Amendment of section 79
  36. 36Amendment of section 80C
  37. 37Amendment of section 80CCC
  38. 38Amendment of section 80CCD
  39. 39Insertion of new section 80CCH
  40. 40Amendment of section 80G
  41. 41Amendment of section 80-IAC
  42. 42Amendment of section 80LA
  43. 43Amendment of section 87
  44. 44Amendment of section 87A
  45. 45Omission of section 88
  46. 46Amendment of section 92BA
  47. 47Amendment of section 92D
  48. 48Amendment of section 94B
  49. 49Amendment of section 111A
  50. 50Amendment of section 112
  51. 51Amendment of section 115A
  52. 52Amendment of section 115BAC
  53. 53Amendment of section 115BAD
  54. 54Insertion of new section 115BAE
  55. 55Amendment of section 115BB
  56. 56Insertion of new section 115BBJ
  57. 57Amendment of section 115JC
  58. 58Amendment of section 115JD
  59. 59Amendment of section 115TD
  60. 60Amendment of section 115UA
  61. 61Amendment of section 115UB
  62. 62Amendment of section 115VP
  63. 63Amendment of section 116
  64. 64Amendment of section 119
  65. 65Amendment of section 131
  66. 66Amendment of section 132
  67. 67Amendment of section 133
  68. 68Amendment of section 134
  69. 69Amendment of section 135A
  70. 70Amendment of section 140B
  71. 71Amendment of section 142
  72. 72Amendment of section 148
  73. 73Amendment of section 149
  74. 74Amendment of section 151
  75. 75Amendment of section 153
  76. 76Amendment of section 154
  77. 77Amendment of section 155
  78. 78Amendment of section 158A
  79. 79Amendment of section 158AB
  80. 80Substitution of new section for section 170A
  81. 81Amendment of section 177
  82. 82Amendment of section 189
  83. 83Amendment of section 192A
  84. 84Amendment of section 193
  85. 85Amendment of section 194B
  86. 86Insertion of new section 194BA
  87. 87Amendment of section 194BB
  88. 88Amendment of section 194LC
  89. 89Amendment of section 194N
  90. 90Amendment of section 194R
  91. 91Amendment of section 196A
  92. 92Amendment of section 197
  93. 93Amendment of section 206AB
  94. 94Amendment of section 206C
  95. 95Amendment of section 206CC
  96. 96Amendment of section 206CCA
  97. 97Amendment of section 241A
  98. 98Amendment of section 244A
  99. 99Substitution of new section for section 245
  100. 100Amendment of section 245D
  101. 101Amendment of section 245MA
  102. 102Amendment of section 245R
  103. 103Amendment of Chapter XX
  104. 104Amendment of section 249
  105. 105Amendment of section 250
  106. 106Amendment of section 251
  107. 107Amendment of section 253
  108. 108Amendment of section 264
  109. 109Amendment of section 267
  110. 110Amendment of section 269SS
  111. 111Amendment of section 269T
  112. 112Amendment of section 270A
  113. 113Amendment of section 270AA
  114. 114Amendment of section 271
  115. 115Amendment of section 271A
  116. 116Amendment of section 271AAC
  117. 117Amendment of section 271AAD
  118. 118Amendment of section 271C
  119. 119Amendment of section 271FAA
  120. 120Amendment of section 271J
  121. 121Amendment of section 274
  122. 122Amendment of section 275
  123. 123Amendment of section 276A
  124. 124Amendment of section 276B
  125. 125Amendment of section 279
  126. 126Amendment of section 287
  127. 127Amendment of section 295
  128. 128Amendment of section 25
  129. 129Amendment of section 65
  130. 130Insertion of new section 65A
  131. 131Amendment of section 127C
  132. 132Amendment of section 157
  133. 133Amendment of section 159
  134. 134Amendment of sections 9, 9A and 9C
  135. 135Amendment of First Schedule
  136. 136Amendment of Second Schedule
  137. 137Amendment of section 10
  138. 138Amendment of section 16
  139. 139Amendment of section 17
  140. 140Amendment of section 23
  141. 141Amendment of section 30
  142. 142Amendment of section 37
  143. 143Amendment of section 39
  144. 144Amendment of section 44
  145. 145Amendment of section 52
  146. 146Amendment of section 54
  147. 147Amendment of section 56
  148. 148Amendment of section 62
  149. 149Substitution of section 109
  150. 150Substitution of new section for section 110
  151. 151Substitution of new section for section 114
  152. 152Amendment of section 117
  153. 153Amendment of section 118
  154. 154Amendment of section 119
  155. 155Amendment of section 122
  156. 156Amendment of section 132
  157. 157Amendment of section 138
  158. 158Insertion of new section 158
  159. 159Retrospective exemption to certain activities and transactions in Schedule III to the Central Goods and Services Tax Act
  160. 160Amendment of section 2
  161. 161Amendment of section 12
  162. 162Amendment of section 13
  163. 163Amendment of Schedule
  164. 164Commencement of this Part
  165. 165Amendment of Act 5 of 1873
  166. 166Amendment of Act 2 of 1899
  167. 167Amendment of Act 42 of 1956
  168. 168Substitution of new section for section 19
  169. 169Omission of section 24
  170. 170Amendment of section 25
  171. 171Amendment of Act 45 of 1988
  172. 172Amendment of Seventh Schedule to Act 14 of 2001
  173. 173Amendment of Act 58 of 2002
  174. 174Amendment of Act 23 of 2004
  175. First ScheduleFirst Schedule
  176. Second ScheduleSecond Schedule
  177. Third ScheduleThird Schedule
  178. Fourth ScheduleFourth Schedule
  179. Fifth ScheduleFifth Schedule
  180. Sixth ScheduleSixth Schedule
  181. Seventh ScheduleSeventh Schedule

Related Acts

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 181 sections of this Act has its own page. This page is not a substitute for legal advice.