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Section44
The Finance Act, 2026

Amendment of section 93

In force Act 4 of 2026 As on 07 Oct 2026

Act 4 of 2026 Ministry Finance

Section 44 of the Finance Act, 2026 deals with amendment of section 93. Amendment of section 93. 44. In section 93 of the Income-tax Act,— (a) | in sub-section (1), for clause (a), the following clause shall be substituted, namely:— "(a) for interest on securities, any reasonable sum paid as commission or remuneration to a banker or any other person for the purpose of r

Amendment of section 93.

44. In section 93 of the Income-tax Act,—

(a)in sub-section (1), for clause (a), the following clause shall be substituted, namely:—
"(a) for interest on securities, any reasonable sum paid as commission or remuneration to a banker or any other person for the purpose of realising such interest on behalf of the assessee;";
(b)for sub-section (2), the following sub-section shall be substituted, namely:—
"(2) Irrespective of anything contained in sub-section (1), in respect of any dividend income or income from units of a Mutual Fund specified under Schedule VII (Table: Sl. No. 20 or 21) or income from units of a specified company as referred to in section 2(h) of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 (58 of 2002), no deduction shall be allowed.".
Section 44, The Finance Act, 2026 (Act 4 of 2026).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 2 Income-tax under Act 43 of 1961
  2. s. 93 Amendment of section 423
  3. Income-tax Act s. 93 Avoidance of income-tax by transactions resulting in transfer of income to non-residents

Questions about Section 44

What does Section 44 of the Finance Act deal with?

Section 44 of the Finance Act is headed "Amendment of section 93". Amendment of section 93. 44. In section 93 of the Income-tax Act,— (a) | in sub-section (1), for clause (a), the following clause shall be substituted, namely:— "(a) for interest on securities, any reasonable sum paid as commission or remuneration to a banker or any other person for the purpose of r

How do I find court cases under Section 44 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 2026 44, section 44 Finance Act 2026, section 44 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 44 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax under Act 43 of 1961), section 93 (Amendment of section 423), Income-tax Act 93 (Avoidance of income-tax by transactions resulting in transfer of income to non-residents), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2026 as Act 4 of 2026. 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.