Amendment of section 194BB
Section 60 of the Finance Act, 2025 deals with amendment of section 194BB. Amendment of section 194BB. 60. In section 194BB of the Income-tax Act,— (a) | for the words "or aggregate of amounts", the words "in respect of a single transaction" shall be substituted; The Act was enacted on 16 Aug 2025.
Amendment of section 194BB.
60. In section 194BB of the Income-tax Act,—
Section 60, The Finance Act, 2025 (Act 7 of 2025).
(a) for the words "or aggregate of amounts", the words "in respect of a single transaction" shall be substituted; (b) the words "during the financial year" shall be omitted.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 60
What does Section 60 of the Finance Act deal with?
Section 60 of the Finance Act is headed "Amendment of section 194BB". Amendment of section 194BB. 60. In section 194BB of the Income-tax Act,— (a) | for the words "or aggregate of amounts", the words "in respect of a single transaction" shall be substituted;
How do I find court cases under Section 60 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 2025 60, section 60 Finance Act 2025, section 60 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 60 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 194BB (Winnings from horse race), so none of them can safely be read on its own.
When was Section 60 of the Finance Act enacted?
Section 60 of the Finance Act, cited as Finance Act 2025 60, was enacted on 16 Aug 2025 as Act 7 of 2025. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule10059 words
- 2. Income-tax8952 words
- Third Schedule. Third Schedule8533 words
- 146. Amendment of Act 28 of 2016957 words
- 50. Amendment of section 158BB868 words
- 6. Amendment of section 10825 words
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