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Section94
The Finance Act, 2023

Amendment of section 206C

In force Act 8 of 2023 As on 07 Oct 2026

Act 8 of 2023 Ministry Finance

Section 94 of the Finance Act, 2023 deals with amendment of section 206C. Amendment of section 206C. 94. In section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2023,— (i) | in clause (a), the words "out of India" at both the places where they occur shall be omitted.

Amendment of section 206C.

94. In section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2023,—

(i)in clause (a), the words "out of India" at both the places where they occur shall be omitted.
(ii)in the long line, for the word, "five", the word "twenty" shall be substituted;
(iii)in the first proviso, for the words, "and is for a purpose other than purchase of overseas tour program package", the words "and is for the purposes of education or medical treatment" shall be substituted;
(iv)in the second proviso, for the words "is for a purpose other than purchase of overseas tour program package", the words "is for the purposes of education or medical treatment" shall be substituted.
Section 94, The Finance Act, 2023 (Act 8 of 2023).

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. 206C Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc

Questions about Section 94

What does Section 94 of the Finance Act deal with?

Section 94 of the Finance Act is headed "Amendment of section 206C". Amendment of section 206C. 94. In section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2023,— (i) | in clause (a), the words "out of India" at both the places where they occur shall be omitted.

How do I find court cases under Section 94 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 94, section 94 Finance Act 2023, section 94 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 94 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 206C (Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc), so none of them can safely be read on its own.

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

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.