DIRECT TAXES - Income-tax - FINANCE (No. 2) BILL, 2019

Chapter: III
DIRECT TAXES - Income-tax
Clause 3	:	Amendment of section 2. Clause 3 of the Bill seeks to amend section 2 of the Income-tax Act relating to definitions. Clause ( 19AA ) of the said sec....
Clause 4	:	Amendment of section 9. Clause 4 of the Bill seeks to amend section 9 of the Income-tax Act relating to income deemed to accrue or arise in India. S....
Clause 5	:	Amendment of section 9A. Clause 5 of the Bill seeks to amend section 9A of the Incometax Act relating to certain activities not to constitute busines....
Clause 6	:	Amendment of section 10. Clause 6 of the Bill seeks to amend section 10 of the Income tax Act relating to incomes not included in total income. It is....
Clause 7	:	Amendment of section 12AA. Clause 7 of the Bill seeks to amend section 12AA of the Incometax Act relating to procedure for registration. Sub-clause ( a....
Clause 8	:	Amendment of section 13A. Clause 8 of the Bill seeks to amend section 13A of the Incometax Act relating to special provision relating to the incomes o....
Clause 9	:	Amendment of section 35AD. Clause 9 of the Bill seeks to amend section 35AD of the Incometax Act relating to deduction in respect of expenditure on spe....
Clause 10	:	Amendment of section 40. Clause 10 of the Bill seeks to amend section 40 of the Income tax Act relating to amounts not deductible. Sub-clause ( i ) o....
Clause 11	:	Amendment of section 40A. Clause 11 of the Bill seeks to amend section 40A of the Incometax Act relating to expenses or payments not deductible in cer....
Clause 12	:	Amendment of section 43. Clause 12 of the Bill seeks to amend section 43 of the Incometax Act relating to definitions of certain terms relevant to in....
Clause 13	:	Amendment of section 43B. Clause 13 of the Bill seeks to amend section 43B of the Incometax Act relating to certain deductions to be only on actual pa....
Clause 14	:	Amendment of section 43CA. Clause 14 of the Bill seeks to amend section 43CA of the Incometax Act relating to special provision for value of considerat....
Clause 15	:	Amendment of section 43D. Clause 15 of the Bill seeks to amend section 43D of the Incometax Act relating to special provision in case of income of pub....
Clause 16	:	Amendment of section 44AD. Clause 16 of the Bill seeks to amend section 44AD of the Incometax Act relating to special provision for computing profits a....
Clause 17	:	Amendment of section 47. Clause 17 of the Bill seeks to amend section 47 of the Incometax Act relating to transactions not regarded as transfer. The ....
Clause 18	:	Amendment of section 50C. Clause 18 of the Bill seeks to amend section 50C of the Incometax Act relating to special provision for full value of consid....
Clause 19	:	Amendment of section 50CA. Clause 19 of the Bill seeks to amend section 50CA of the Incometax Act relating to special provision for full value of consi....
Clause 20	:	Amendment of section 54GB. Clause 20 of the Bill seeks to amend section 54GB of the Income-tax Act relating to capital gain on transfer of residential ....
Clause 21	:	Amendment of section 56. Clause 21 of the Bill seeks to amend section 56 of the Incometax Act relating to income from other sources. Clause ( viib ) ....
Clause 22	:	Substitution of section 79. Clause 22 of the Bill seeks to substitute section 79 of the Incometax Act relating to carry forward and set off of losses in....
Clause 23	:	Amendment of section 80C. Clause 23 of the Bill seeks to amend section 80C of the Incometax Act relating to deduction in respect of life insurance pre....
Clause 24	:	Amendment of section 80CCD. Clause 24 of the Bill seeks to amend section 80CCD of the Income-tax Act relating to deduction in respect of contribution to....
Clause 25	:	Insertion of new sections 80EEA and 80EEB. Clause 25 of of the Bill seeks to insert a new sections 80EEA and 80EEB in the Income-tax Act relating to deduction in respe....
Clause 26	:	Amendment of section 80-IBA. Clause 26 of the Bill seeks to amend section 80-IBA of the Income-tax Act relating to deductions in respect of profits and g....
Clause 27	:	Amendment of section 80JJAA. Clause 27 of the Bill seeks to amend section 80JJAA of the Income-tax Act relating to deduction in respect of employment of ....
Clause 28	:	Amendment of section 80LA. Clause 28 of the Bill seeks to amend section 80LA of the Incometax Act relating to deductions in respect of certain incomes ....
Clause 29	:	Amendment of section 92CD. Clause 29 of the Bill seeks to amend section 92CD of the Income-tax Act relating to effect to advance pricing agreement. Sub....
Clause 30	:	Amendment of section 92CE. Clause 30 of the Bill seeks to amend section 92CE of the Incometax Act relating to secondary adjustment in certain cases. Su....
Clause 31	:	Substitution of section 92D. Clause 31 of the Bill seeks to substitute section 92D of the Income-tax Act relating to maintenance and keeping of informati....
Clause 32	:	Amendment of section 111A. Clause 32 of the Bill seeks to amend section 111A of the Incometax Act relating to tax on short-term capital gains in certai....
Clause 33	:	Amendment of section 115A. Clause 33 of the Bill seeks to amend section 115A of the Incometax Act relating to tax on dividends, royalty and technical s....
Clause 34	:	Amendment of section 115JB. Clause 34 of the Bill seeks to amend section 115JB of the Income-tax Act relating to special provision for payment of tax by....
Clause 35	:	Amendment of section 115-O. Clause 35 of the Bill seeks to amend section 115-O of the Income-tax Act relating to tax on distributed profits of domestic ....
Clause 36	:	Amendment of section 115QA. Clause 36 of the Bill seeks to amend section 115QA of the Income-tax Act relating to tax on distributed income to shareholde....
Clause 37	:	Amendment of section 115R. Clause 37 of the Bill seeks to amend section 115R of the Income tax Act relating to tax on distributed income to unit holder....
Clause 38	:	Amendment of section 115UB. Clause 38 of the Bill seeks to amend section 115UB of the Income-tax Act relating to tax on income of investment fund and it....
Clause 39	:	Amendment of section 139. Clause 39 of the Bill seeks to amend section 139 of the Incometax Act relating to return of income. Sub-section ( 1 ) of the....
Clause 40	:	Amendment of section 139A. Clause 40 of the Bill seeks to amend section 139A of the Incometax Act relating to permanent account number. Sub-section ( 1....
Clause 41	:	Amendment of section 139AA. Clause 41 of the Bill seeks to amend section 139AA of the Income-tax Act relating to quoting of Aadhaar number. Proviso to s....
Clause 42	:	Amendment of section 140A. Clause 42 of the Bill seeks to amend section 140A of the Income-tax Act relating to self-assessment. The said section 140A, ....
Clause 43	:	Amendment of section 143. Clause 43 of the Bill seeks to amend section 143 of the Income tax Act relating to Assessment. Sub-section ( 1 ) of the said....
Clause 44	:	Amendment of section 194DA. Clause 44 of the Bill seeks to amend section 194DA of the Income-tax Act relating to payment in respect of life insurance po....
Clause 45	:	Amendment of section 194-IA. Clause 45 of the Bill seeks to amend section 194-IA of the Income-tax Act relating to payment on transfer of certain immovab....
Clause 46	:	Insertion of new sections 194M and 194N. Clause 46 of the Bill seeks to insert new sections 194M relating to payment of certain sums by certain individuals or Hindu ....
Clause 47	:	Amendment of section 195. Clause 47 of the Bill seeks to amend section 195 of the Incometax Act relating to other sums. Sub-section ( 2 ) of the said ....
Clause 48	:	Amendment of section 197. Clause 48 of the Bill seeks to amend section 197 of the Incometax Act relating to certificate for deduction at lower rate. I....
Clause 48A	:	Amendment of Section 198
Clause 49	:	Amendment of section 201. Clause 49 of the Bill seeks to amend section 201 of the Income tax relating to consequences of failure to deduct or pay. The....
Clause 50	:	Substitution of section 206A. Clause 50 of the Bill seeks to substitute section 206A of the Income-tax Act relating furnishing of quarterly return in resp....
Clause 51	:	Amendment of section 228A. Clause 51 of the Bill seeks to amend section 228A of the Income tax Act relating to recovery of tax in pursuance of agreemen....
Clause 52	:	Amendment of section 234A. Clause 52 of the Bill seeks to amend section 234A of the Income tax Act relating to interest for defaults in furnishing retu....
Clause 53	:	Amendment of section 234B. Clause 53 of the Bill seeks to amend section 234B of the Income tax Act relating to interest for defaults in payment of adva....
Clause 54	:	Amendment of section 234C. Clause 54 of the Bill seeks to amend section 234C of the Income tax Act relating to interest for deferment of advance tax. T....
Clause 55	:	Amendment of section 239. Clause 55 of the Bill seeks to amend section 239 of the Incometax Act relating to form of claim for refund and limitation. S....
Clause 56	:	Amendment of section 246A. Clause 56 of the Bill seeks to amend section 246A of the Incometax Act relating to appealable orders before Commissioner (Ap....
Clause 57	:	Amendment of section 269SS. Clause 57 of the Bill seeks to amend section 269SS of the Income-tax Act relating to mode of taking or accepting certain loa....
Clause 58	:	Amendment of section 269ST. Clause 58 of the Bill seeks to amend section 269ST of the Income-tax Act relating to mode of undertaking transactions. The s....
Clause 59	:	Insertion of new section 269SU. Clause 59 of the Bill seeks to insert a new section 269SU of the Income-tax Act relating to acceptance of payment through pr....
Clause 60	:	Amendment of section 269T. Clause 60 of the Bill seeks to amend section 269T of the Incometax Act relating to mode of repayment of certain loans or dep....
Clause 61	:	Amendment of section 270A. Clause 61 of the Bill seeks to amend section 270A of the Incometax Act relating to penalty for under-reporting and misreport....
Clause 62	:	Insertion of new section 271DB. Clause 62 of the Bill seeks to insert a new section 271DB of the Income-tax Act relating to penalty for failure to comply wi....
Clause 63	:	Amendment of section 271FAA. Clause 63 of the Bill seeks to amend section 271FAA of the Income-tax Act relating to penalty for furnishing inaccurate stat....
Clause 64	:	Amendment of section 272B. Clause 64 of the Bill seeks to amend section 272B of the Income tax Act relating to penalty for failure to comply with the p....
Clause 65	:	Amendment of section 276CC. Clause 65 of the Bill seeks to amend section 276CC of the Income-tax Act relating to failure to furnish returns of income. T....
Clause 66	:	Amendment of section 285BA. Clause 66 of the Bill seeks to amend section 285BA of the Income-tax Act relating to obligation to furnish statement of fina....
Clause 67	:	Amendment of section 286. Clause 67 of the Bill seeks to amend section 286 of the Incometax Act relating to furnishing of report in respect of interna....
Clause 68	:	Amendment of rule 68B of Second Schedule. Clause 68 of the Bill seeks to amend rule 68B of the Second Schedule of the Income-tax Act relating to time limit for sale o....