Finance Act, 2007

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 7
Section 5	:	Amendment of Section 9
Section 6	:	Amendment of section 10
Section 7	:	Amendment of section 10AA
Section 8	:	Amendment of section 12A
Section 9	:	Amendment of section 12AA
Section 10	:	Amendment of Section 13
Section 11	:	Amendment of section 17
Section 12	:	Amendment of section 35
Section 13	:	Amendment of Section 36
Section 14	:	Amendment of section 40A
Section 15	:	Insertion of new section 44DB
Section 16	:	Amendment of section 47
Section 17	:	Amendment of section 49
Section 18	:	Amendment of section 54EC
Section 19	:	Amendment of section 56
Section 20	:	Amendment of section 72A
Section 21	:	Insertion of new section 72AB
Section 22	:	Amendment of section 80A
Section 23	:	Amendment of section 80AC
Section 24	:	Amendment of section 80C
Section 25	:	Amendment of section 80CCD
Section 26	:	Amendment of section 80D
Section 27	:	Amendment of section 80E
Section 28	:	Amendment of section 80-IA
Section 29	:	Amendment of section 80-IB
Section 30	:	Amendment of section 80-IC
Section 31	:	Insertion of new section 80-ID
Section 32	:	Insertion of new section 80-IE
Section 33	:	Amendment of section 92CA
Section 34	:	Amendment of section 115JB
Section 35	:	Amendment of section 115-O
Section 36	:	Amendment of section 115R
Section 37	:	Amendment of Explanation to Chapter XII-E
Section 38	:	Amendment of section 115WB
Section 39	:	Amendment of section 115WC
Section 40	:	Amendment of section 115WJ
Section 41	:	Insertion of new section 115WKA
Section 42	:	Amendment of section 120
Section 43	:	Amendment of section 132B
Section 44	:	Amendment of section 139
Section 45	:	Insertion of new sections 139C and 139D
Section 46	:	Amendment of section 142
Section 47	:	Amendment of section 143
Section 48	:	Amendment of section 153
Section 49	:	Amendment of section 153B
Section 50	:	Insertion of new section 153D
Section 51	:	Amendment of section 172
Section 52	:	Amendment of section 193
Section 53	:	Amendment of section 194A
Section 54	:	Amendment of section 194C
Section 55	:	Amendment of section 194H
Section 56	:	Amendment of section 194-I
Section 57	:	Amendment of section 194J
Section 58	:	Amendment of section 197A
Section 59	:	Amendment of section 201
Section 60	:	Amendment of section 206A
Section 61	:	Amendment of section 206C
Section 62	:	Amendment of section 245A
Section 63	:	Amendment of section 245C
Section 64	:	Amendment of section 245D
Section 65	:	Amendment of section 245DD
Section 66	:	Amendment of section 245E
Section 67	:	Amendment of section 245F
Section 68	:	Amendment of section 245H
Section 69	:	Insertion of new sections 245HA and 245HAA
Section 70	:	Substitution of new section for section 245K
Section 71	:	Amendment of section 246A
Section 72	:	Substitution of new section for section 248
Section 73	:	Amendment of section 249
Section 74	:	Amendment of section 253
Section 75	:	Amendment of section 254
Section 76	:	Amendment of section 271
Section 77	:	Insertion of new section 271AAA
Section 78	:	Insertion of new section 292C
Section 79	:	Amendment of section 295
Section 80	:	Amendment of section 296
Section 81	:	Amendment of Second Schedule
Section 82	:	Amendment of Fourth Schedule
Chapter: IIIa
Wealth-tax
Section 83	:	Amendment of section 2
Section 84	:	Amendment of section 22A
Section 85	:	Amendment of section 22C
Section 86	:	Amendment of section 22D
Section 87	:	Amendment of section 22D
Section 88	:	Amendment of section 22E
Section 89	:	Amendment of section 22F
Section 90	:	Amendment of section 22H
Section 91	:	Inserted section 22HC (1)
Section 92	:	Substitution of new section for section 22K
Section 93	:	Insertion of new section 42D
Chapter: IV
Indirect taxes Customs
Section 94	:	Amendment of section 2
Section 95	:	Substitution of new section for section 14
Section 96	:	Amendment of section 27
Section 97	:	Amendment of section 28E
Section 98	:	Amendment of section 75A
Section 99	:	Omission of Chapter XA
Section 100	:	Amendment of section 127A
Section 101	:	Amendment of section 127B
Section 102	:	Substitution of new section for section 127C
Section 103	:	Amendment of section 127E
Section 104	:	Amendment of section 127F
Section 105	:	Amendment of section 127H
Section 106	:	Amendment of section 127J
Section 107	:	Amendment of section 127K
Section 108	:	Amendment of section 127L
Section 109	:	Omission of section 127MA
Section 110	:	Amendment of section 129
Section 111	:	Amendment of section 129D
Section 112	:	Amendment of section 135
Section 113	:	Amendment of section 156
Chapter: IVa
Customs tariff
Section 114	:	Amendment of Fist Schedule and Second Schedule
Chapter: IVb
Excise
Section 115	:	Amendment of section 3
Section 116	:	Insertion of new section 5B
Section 117	:	Amendment of section 11B
Section 118	:	Amendment of section 23A
Section 119	:	Amendment of section 31
Section 120	:	Amendment of section 32A
Section 121	:	Amendment of section 32E
Section 122	:	Substitution of new section for section 32F
Section 123	:	Amendment of section 32H
Section 124	:	Amendment of section 32-1
Section 125	:	Amendment of section 32K
Section 126	:	Amendment of section 32M
Section 127	:	Amendment of section 32N
Section 128	:	Amendment of section 32-O
Section 129	:	Omission of section 32PA
Section 130	:	Amendment of section 35E
Section 131	:	Amendment of section 35F
Section 132	:	Amendment of section 37
Section 133	:	Amendment of Third Schedule
Chapter: IVc
Excise tariff
Section 134	:	Amendment of First Schedule to Act 5 of 1986
Chapter: V
Service tax
Section 135	:	Amendment of Act 32 of 1994
Chapter: VI
SECONDARY AND HIGHER EDUCATION CESS
Section 136	:	Secondary and Higher Education Cess
Section 137	:	Definition
Section 138	:	Secondary and Higher Education Cess on excisable goods
Section 139	:	Secondary and Higher Education Cess on imported goods
Section 140	:	Omitted
Section 141	:	Amendment of Act 23 of 2004
Chapter: VII
Miscellaneous
Section 142	:	Amendment of section 14 of Act 74 of 1956
Section 143	:	Amendment of First Schedule to Act 58 of 1957
Section 144	:	Amendment of Finance Act, 2005 (section 94 of Act 18 of 2005)
Schedule
SCH 01	:	FIRST SCHEDULE
SCH 02	:	SECOND SCHEDULE
SCH 03	:	THIRD SCHEDULE
SCH 04	:	FOURTH SCHEDULE
SCH 05	:	FIFTH SCHEDULE
SCH 06	:	SIXTH SCHEDULE
Memorandum to Finance Bill, 2007
Memo	:	Memorandums