Amendment of section 206CCA
Section 96 of the Finance Act, 2023 deals with amendment of section 206CCA. Amendment of section 206CCA. 96. In section 206CCA of the Income-tax Act,— (i) | in sub-section (1), the following proviso shall be inserted with effect from the 1st day of July, 2023, namely:— "Provided that the rate of tax collection at source under this section shall not exceed twenty per cent.";
Amendment of section 206CCA.
96. In section 206CCA of the Income-tax Act,—
(i) in sub-section (1), the following proviso shall be inserted with effect from the 1st day of July, 2023, namely:— "Provided that the rate of tax collection at source under this section shall not exceed twenty per cent."; (ii) in sub-section (3), for the proviso, the following proviso shall be substituted, namely:— "Provided that the specified person shall not include— Section 96, The Finance Act, 2023 (Act 8 of 2023).
(i) a non-resident who does not have a permanent establishment in India; or (ii) a person who is not required to furnish the return of income for the assessment year relevant to the said previous year and is notified by the Central Government in the Official Gazette in this behalf.".
Questions about Section 96
What does Section 96 of the Finance Act deal with?
Section 96 of the Finance Act is headed "Amendment of section 206CCA". Amendment of section 206CCA. 96. In section 206CCA of the Income-tax Act,— (i) | in sub-section (1), the following proviso shall be inserted with effect from the 1st day of July, 2023, namely:— "Provided that the rate of tax collection at source under this section shall not exceed twenty per cent.";
How do I find court cases under Section 96 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 96, section 96 Finance Act 2023, section 96 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
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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