Amendment of section 193
Section 51 of the Finance Act, 2024 (No. 2) deals with amendment of section 193. Amendment of section 193. 51. In section 193 of the Income-tax Act, in the proviso, in clause (iv), for the proviso, the following proviso shall be substituted with effect from the 1st day of October, 2024, namely:— "Provided that nothing in this clause shall apply to the interest exceeding ten thou The Act was enacted on 16 Aug 2024.
Amendment of section 193.
51. In section 193 of the Income-tax Act, in the proviso, in clause (iv), for the proviso, the following proviso shall be substituted with effect from the 1st day of October, 2024, namely:—
"Provided that nothing in this clause shall apply to the interest exceeding ten thousand rupees payable during the financial year on 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 or Floating Rate Savings Bonds, 2020 (Taxable) or any other security of the Central Government or State Government as the Central Government may, by notification in the Official Gazette, specify in this behalf;".
Section 51, The Finance Act, 2024 (No. 2).
Cross-references
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Questions about Section 51
What does Section 51 of the Finance Act, 2024 (No. 2) deal with?
Section 51 of the Finance Act, 2024 (No. 2) is headed "Amendment of section 193". Amendment of section 193. 51. In section 193 of the Income-tax Act, in the proviso, in clause (iv), for the proviso, the following proviso shall be substituted with effect from the 1st day of October, 2024, namely:— "Provided that nothing in this clause shall apply to the interest exceeding ten thou
How do I find court cases under Section 51 of the Finance Act, 2024 (No. 2)?
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, 2024 (No. 2) 51, section 51 Finance Act, 2024 (No. 2), section 51 of the Finance Act, 2024 (No. 2). 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 51 of the Finance Act, 2024 (No. 2), and has it changed?
Its own text turns on Income-tax Act 193 (Interest on securities), so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it.
When was Section 51 of the Finance Act, 2024 (No. 2) enacted?
Section 51 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 51, was enacted on 16 Aug 2024. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. -10716 words
- 2. Income-tax9063 words
- 49. Substitution of new Chapter for Chapter XIV-B4593 words
- Fourth Schedule. -1864 words
- 138. Insertion of section 74A1329 words
- 89. Definitions889 words
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