FINANCE ACT, 2015

Chapter: I
PRELIMINARY
Section 1	:	Short title and commencement
Chapter: II
RATES OF INCOME-TAX
Section 2	:	Income-tax
Chapter: III
DIRECT TAXES
Income-tax
Section 3	:	Amendment of section 2
Section 4	:	Amendment of section 6
Section 5	:	Amendment of section 9
Section 6	:	Insertion of new section 9A- Certain activities not to constitute business connection in India
Section 7	:	Amendment of section 10
Section 8	:	Amendment of section 11
Section 9	:	Amendment of section 13
Section 10	:	Amendment of section 32
Section 11	:	Insertion of new section 32AD- Investment in new plant or machinery in notified backward areas in certain States
Section 12	:	Amendment of section 35
Section 13	:	Amendment of section 36
Section 14	:	Amendment of section 47
Section 15	:	Amendment of section 49
Section 16	:	Amendment of section 80C
Section 17	:	Amendment of section 80CCC
Section 18	:	Amendment of section 80CCD
Section 19	:	Amendment of section 80D
Section 20	:	Amendment of section 80DD
Section 21	:	Amendment of section 80DDB
Section 22	:	Amendment of section 80G
Section 23	:	Amendment of section 80JJAA
Section 24	:	Amendment of section 80U
Section 25	:	Amendment of section 92BA
Section 26	:	Amendment of section 95
Section 27	:	Amendment of section 111A
Section 28	:	Amendment of section 115A
Section 29	:	Amendment of section 115ACA
Section 30	:	Amendment of section 115JB
Section 31	:	Amendment of section 115U
Section 32	:	Amendment of section 115UA
Section 33	:	Insertion of new Chapter XII-FB- Tax on income of investment fund and its unit holders
Section 34	:	Amendment of section 132B
Section 35	:	Amendment of section 139
Section 36	:	Substitution of new section for section 151- Sanction for issue of notice
Section 37	:	Amendment of section 153C
Section 38	:	Amendment of section 154
Section 39	:	Amendment of section 156
Section 40	:	Insertion of new section 158AA- Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court
Section 41	:	Amendment of section 192
Section 42	:	Insertion of new section 192A-Payment of accumulated balance due to an employee
Section 43	:	Amendment of section 194A
Section 44	:	Amendment of section 194C
Section 45	:	Amendment of section 194-I
Section 46	:	Amendment of section 194LBA
Section 47	:	Insertion of new section 194LBB- Income in respect of units of investment fund
Section 48	:	Amendment of section 194LD
Section 49	:	Amendment of section 195
Section 50	:	Amendment of section 197A
Section 51	:	Amendment of section 200
Section 52	:	Amendment of section 200A
Section 53	:	Amendment of section 203A
Section 54	:	Amendment of section 206C
Section 55	:	Insertion of new section 206CB- Processing of statements of tax collected at source
Section 56	:	Amendment of section 220
Section 57	:	Amendment of section 234B
Section 58	:	Amendment of section 245A
Section 59	:	Amendment of section 245D
Section 60	:	Amendment of section 245H
Section 61	:	Amendment of section 245HA
Section 62	:	Amendment of section 245K
Section 63	:	Amendment of section 245O
Section 64	:	Amendment of section 246A
Section 65	:	Amendment of section 253
Section 66	:	Amendment of section 255
Section 67	:	Amendment of section 263
Section 68	:	Substitution of new section for section 269SS- Mode of taking or accepting certain loans, deposits and specified sum
Section 69	:	Amendment of section 269T
Section 70	:	Amendment of section 271
Section 71	:	Amendment of section 271D
Section 72	:	Amendment of section 271E
Section 73	:	Insertion of new section 271FAB- Penalty for failure to furnish statement or information or document by an eligible investment fund
Section 74	:	Insertion of new section 271GA- Penalty for failure to furnish information or document under section 285A
Section 75	:	Insertion of new section 271-I- Penalty for failure to furnish information or furnishing inaccurate information under section 195
Section 76	:	Amendment of section 272A
Section 77	:	Amendment of section 273B
Section 78	:	Insertion of new section 285A- Furnishing of information or documents by an Indian concern in certain cases
Section 79	:	Amendment of section 288
Section 80	:	Amendment of section 295
Wealth-tax
Section 81	:	Amendment of Act 27 of 1957
Chapter: IV
INDIRECT TAXES
Customs
Section 82	:	Amendment of section 28
Section 83	:	Amendment of section 112
Section 84	:	Amendment of section 114
Section 85	:	Amendment of section 127A
Section 86	:	Amendment of section 127B
Section 87	:	Amendment of section 127C
Section 88	:	Omission of section 127E
Section 89	:	Amendment of section 127H
Section 90	:	Amendment of section 127L
Customs Tariff
Section 91	:	Amendment of First Schedule
Central Excise
Section 92	:	Amendment of section 3A
Section 93	:	Amendment of section 11A
Section 94	:	Substitution of new section for section 11AC- Penalty for short-levy or non-levy of duty in certain cases
Section 95	:	Amendment of section 31
Section 96	:	Amendment of section 32
Section 97	:	Amendment of section 32B
Section 98	:	Amendment of section 32E
Section 99	:	Amendment of section 32F
Section 100	:	Omission of section 32H
Section 101	:	Amendment of section 32K
Section 102	:	Amendment of section 32-O
Section 103	:	Amendment of section 37
Section 104	:	Amendment of notification issued under section 5A of the Central Excise Act
Section 105	:	Amendment of Third Schedule
Central Excise Tariff
Section 106	:	Amendment of First Schedule
Chapter: V
SERVICE TAX
Section 107	:	Amendment of section 65B
Section 108	:	Amendment of section 66B
Section 109	:	Amendment of section 66D
Section 110	:	Amendment of section 66F
Section 111	:	Amendment of section 67
Section 112	:	Amendment of section 73
Section 113	:	Substitution of new section for section 76- Penalty for failure to pay service tax
Section 114	:	Substitution of new section for section 78- Penalty for failure to pay service tax for reasons of fraud, etc.
Section 115	:	Insertion of new section 78B- Transitory provisions
Section 116	:	Omission of section 80
Section 117	:	Amendment of section 86
Section 118	:	Amendment of section 94
Chapter: VI
SWACHH BHARAT CESS
Section 119	:	Swachh Bharat Cess
Chapter: VII
SENIOR CITIZENS’ WELFARE FUND
Section 120	:	Extent and commencement
Section 121	:	Definitions
Section 122	:	Establishment of Fund
Section 123	:	Constitution of a Committee for administration of Fund
Section 124	:	Payment of Claims
Section 125	:	Publication of information
Section 126	:	Escheat to the Central Government
Section 127	:	Reporting of accounts and audit
Section 128	:	Power of Central Government to make rules
Section 129	:	Power to exempt in certain cases
Section 130	:	Power to remove difficulties
Chapter: VIII
MISCELLANEOUS
Part: I
AMENDMENTS TO THE FORWARD CONTRACTS (REGULATION) ACT, 1952
Section 131	:	Commencement and amendment of Act 74 of 1952- Insertion of new section 28A- Savings of recognised associations
Section 132	:	Insertion of new sections 29A and 29B- Repeal and savings, Transfer and vesting of undertaking of Commission
Part: II
AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956
Section 133	:	Commencement and amendment of Act 42 of 1956- Amendment of section 2
Section 134	:	Amendment of section 18A
Section 135	:	Insertion of new section 30A- Special provisions related to commodity derivatives
Part: III
AMENDMENT TO THE FINANCE (NO. 2) ACT, 1998
Section 136	:	Amendment of Second Schedule
Part: IV
AMENDMENT TO THE FINANCE ACT, 1999
Section 137	:	Amendment of Second Schedule
Part: V
AMENDMENTS TO THE FOREIGN EXCHANGE MANAGEMENT ACT, 1999
Section 138	:	Commencement and amendment of Act 42 of 1999- Amendment of section 2
Section 139	:	Amendment of section 6
Section 140	:	Amendment of section 13
Section 141	:	Amendment of section 18
Section 142	:	Insertion of new section 37A- Special provisions relating to assets held outside India in contravention of section 4
Section 143	:	Amendment of section 46
Section 144	:	Amendment of section 47
Part: VI
AMENDMENTS TO THE PREVENTION OF MONEY-LAUNDERING ACT, 2002
Section 145	:	Amendment of section 2
Section 146	:	Amendment of section 5
Section 147	:	Amendment of section 8
Section 148	:	Amendment of section 20
Section 149	:	Amendment of section 21
Section 150	:	Amendment of section 60
Section 151	:	Amendment of Schedule
Part: VII
AMENDMENT TO THE FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2003
Section 152	:	Amendment of section 4
Part: VIII
AMENDMENTS TO THE FINANCE (NO.2) ACT, 2004
Section 153	:	Omission of section 95
Section 154	:	Amendment of section 97
Section 155	:	Amendment of section 98
Section 156	:	Amendment of section 100
Section 157	:	Amendment of section 101
Part: IX
AMENDMENT TO THE FINANCE ACT, 2005
Section 158	:	Amendment of Seventh Schedule
Part: X
AMENDMENT TO THE FINANCE ACT, 2007
Section 159	:	Omission of section 140
Part: XI
AMENDMENT TO THE FINANCE ACT, 2010
Section 160	:	Amendment of Tenth Schedule
Schedules
Schedule 01	:	THE FIRST SCHEDULE (See section 2)
Schedule 02	:	THE SECOND SCHEDULE (See section 91)
Schedule 03	:	THE THIRD SCHEDULE (See section 104)
Schedule 04	:	THE FOURTH SCHEDULE (See section 105)
Schedule 05	:	THE FIFTH SCHEDULE (See section 106)