Amendment of section 269SS
Section 110 of the Finance Act, 2023 deals with amendment of section 269SS. Amendment of section 269SS. 110. In section 269SS of the Income-tax Act,— (a) | after the second proviso and before the Explanation, the following proviso shall be inserted, namely:— "Provided also that the provisions of this section shall have effect, as if for the words "twenty thousand rupees", t
Amendment of section 269SS.
110. In section 269SS of the Income-tax Act,—
(a) after the second proviso and before the Explanation, the following proviso shall be inserted, namely:— "Provided also that the provisions of this section shall have effect, as if for the words "twenty thousand rupees", the words "two lakh rupees" had been substituted in the case of any deposit or loan where,—
(a) such deposit is accepted by a primary agricultural credit society or a primary co-operative agricultural and rural development bank from its member; or (b) such loan is taken from a primary agricultural credit society or a primary co-operative agricultural and rural development bank by its member.";
(b) in the Explanation, for clause (ii), the following clause shall be substituted, namely:— Section 110, The Finance Act, 2023 (Act 8 of 2023).
'(ii) "co-operative bank", "primary agricultural credit society" and "primary co-operative agricultural and rural development bank" shall have the meanings respectively assigned to them in the Explanation to sub-section (4) of section 80P;'.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Referred to by 1
Questions about Section 110
What does Section 110 of the Finance Act deal with?
Section 110 of the Finance Act is headed "Amendment of section 269SS". Amendment of section 269SS. 110. In section 269SS of the Income-tax Act,— (a) | after the second proviso and before the Explanation, the following proviso shall be inserted, namely:— "Provided also that the provisions of this section shall have effect, as if for the words "twenty thousand rupees", t
How do I find court cases under Section 110 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 2023 110, section 110 Finance Act 2023, section 110 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 110 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 269SS (Mode of taking or accepting certain loans, deposits and specified sum), 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 2023 as Act 8 of 2023. 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
- First Schedule. First Schedule10190 words
- 2. Income-tax8337 words
- Fourth Schedule. Fourth Schedule6615 words
- 5. Amendment of section 102717 words
- 150. Substitution of new section for section 1101621 words
- 54. Insertion of new section 115BAE1218 words
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