Income Tax - FINANCE BILL, 2008

Chapter: III
Income Tax
Clause 3	:	Amendment of section 2.
Clause 4	:	Amendment of Section 10
Clause 5	:	Amendment of Section 35
Clause 6	:	Amendment of Section 35D
Clause 7	:	Amendment of Section 36
Clause 8	:	Amendment of Section 40
Clause 9	:	Amendment of Section 40A
Clause 10	:	Amendment of Section 43
Clause 11	:	Amendment of Section 47
Clause 12	:	Amendment of Section 49
Clause 13	:	Amendment of Section 80C
Clause 14	:	Substitution of New Section for Section 80D - Deduction in respect of health insurance premia.
Clause 15	:	Amendment of Section 80-IB
Clause 16	:	Amendment of section 80-ID
Clause 17	:	Amendment of Section 88E
Clause 18	:	Amendment of Section 111A
Clause 19	:	Amendment of Section 115D
Clause 20	:	Amendment of Section 115JB
Clause 21	:	Amendment of section 115-O
Clause 22	:	Amendment of Section 115WB
Clause 23	:	Amendment of Section 115WC
Clause 24	:	Amendment of Section 115WD
Clause 25	:	Amendment of Section 115WE
Clause 26	:	Insertion of new section 115WKB. – Deemed payment of tax by employee.
Clause 27	:	Amendment of Section 139
Clause 28	:	Amendment of Section 142
Clause 29	:	Amendment of Section 143
Clause 30	:	Amendment of Section 147
Clause 31	:	Amendment of Section 151
Clause 32	:	Amendment of Section 153
Clause 33	:	Amendment of Section 153A
Clause 34	:	Amendment of Section 153B
Clause 35	:	Amendment of Section 153C
Clause 36	:	Amendment of Section 153D
Clause 37	:	Amendment of Section 156
Clause 38	:	Amendment of Section 191
Clause 39	:	Amendment of Section 193
Clause 40	:	Amendment of Section 194C
Clause 41	:	Amendment of Section 195
Clause 42	:	Substitution of new section for section 199 - Credit for tax deducted.
Clause 43	:	Amendment of Section 201
Clause 44	:	Amendment of Section 203
Clause 45	:	Amendment of Section 206C
Clause 46	:	Amendment of Section 254
Clause 47	:	Insertion of New Section 268A - Filing of appeal or application for reference by income-tax authority.
Clause 48	:	Amendment of Section 271
Clause 49	:	Insertion of new section 273AA - Power of Commissioner to grant immunity from penalty.
Clause 50	:	Insertion of new section 278AB - Power of Commissioner to grant immunity from prosecution.
Clause 51	:	Insertion of new section 282A - Authentication of notices and other documents.
Clause 52	:	Insertion of new section 292BB – Notice deemed to be valid in certain circumstances.
Clause 53	:	Amendment of Section 292C
Clause 54	:	Amendment of Section 295
Clause 55	:	Amendment of Fourth Schedule
Clause 56	:	Amendment of Section 17 - WT Act
Clause 57	:	Amendment of Section 17A - WT Act
Clause 58	:	Amendment of Section 18 - WT Act
Clause 59	:	Insertion of new section 18BA - WT Act - Power of Commissioner to grant immunity from penalty.
Clause 60	:	Insertion of new section 35GA - WT Act - Power of Commissioner to grant immunity from prosecution.
Clause 61	:	Insertion of new section 42 - WT Act - Notice deemed to be valid in certain circumstances.
Clause 62	:	Amendment of Section 42D - WT Act