Finance Act, 2012

Chapter: I
Preliminary
Section 1	:	Short title and commencement.
Chapter: II
Rates of Income Tax
Section 2	:	RATES OF INCOME-TAX
Chapter: III
Direct Taxes
Part: 1
Income Tax
Section 3	:	Amendment of section 2.
Section 4	:	Amendment of section 9.
Section 5	:	Amendment of section 10.
Section 6	:	Amendment of section 13.
Section 7	:	Amendment of section 32.
Section 8	:	Amendment of section 35.
Section 9	:	Amendment of section 35AD.
Section 10	:	Insertion of new sections 35CCC and 35CCD.
Section 11	:	Amendment of section 40.
Section 12	:	Amendment of section 40A.
Section 13	:	Amendment of section 44AB.
Section 14	:	Amendment of section 44AD.
Section 15	:	Amendment of section 47.
Section 16	:	Amendment of section 49.
Section 17	:	Insertion of new section 50D.
Section 18	:	Amendment of section 54B.
Section 19	:	Insertion of new section 54GB.
Section 20	:	Amendment of section 55A.
Section 21	:	Amendment of section 56.
Section 22	:	Amendment of section 68.
Section 23	:	Amendment of section 80A.
Section 24	:	Amendment of section 80C.
Section 25	:	Insertion of new section 80CCG.
Section 26	:	Amendment of section 80D.
Section 27	:	Amendment of section 80DDB.
Section 28	:	Amendment of section 80G.
Section 29	:	Amendment of section 80GGA.
Section 30	:	Amendment of section 80-IA.
Section 31	:	Insertion of new Part.
Section 32	:	Amendment of section 90.
Section 33	:	Amendment of section 90A.
Section 34	:	Amendment of section 92.
Section 35	:	Amendment of section 92B.
Section 36	:	Insertion of new section 92BA.
Section 37	:	Amendment of section 92C.
Section 38	:	Amendment of Chapter X.
Section 39	:	Amendment of section 92CA.
Section 40	:	Insertion of new sections 92CC and 92CD.
Section 41	:	Insertion of new Chapter X-A.
Section 42	:	Amendment of section 111A.
Section 43	:	Amendment of section 112.
Section 44	:	Amendment of section 115A.
Section 45	:	Amendment of section 115BBA.
Section 46	:	Amendment of section 115BBD.
Section 47	:	Insertion of new section 115BBE.
Section 48	:	Amendment of section 115JB.
Section 49	:	Amendment of Chapter XII-BA.
Section 50	:	Substitution of new section for section 115JC.
Section 51	:	Amendment of section 115JD.
Section 52	:	Amendment of section 115JE.
Section 53	:	Insertion of new section 115JEE.
Section 54	:	Amendment of section 115JF.
Section 55	:	Insertion of new Chapter XII-BB.
Section 56	:	Amendment of section 115-O.
Section 57	:	Amendment of section 115U.
Section 58	:	Amendment of section 115VG.
Section 59	:	Amendment of section 139.
Section 60	:	Amendment of section 140A.
Section 61	:	Amendment of section 143.
Section 62	:	Insertion of new section 144BA.
Section 63	:	Amendment of section 144C.
Section 64	:	Amendment of section 147.
Section 65	:	Amendment of section 149.
Section 66	:	Amendment of section 153.
Section 67	:	Amendment of section 153A.
Section 68	:	Amendment of section 153B.
Section 69	:	Amendment of section 153C.
Section 70	:	Amendment of section 154.
Section 71	:	Amendment of section 156.
Section 72	:	Amendment of section 193.
Section 73	:	Amendment of section 194E.
Section 74	:	Amendment of section 194J.
Section 75	:	Amendment of section 194LA.
Section 76	:	Insertion of new section 194LC.
Section 77	:	Amendment of section 195.
Section 78	:	Amendment of section 197A.
Section 79	:	Amendment of section 201.
Section 80	:	Amendment of section 204.
Section 81	:	Amendment of section 206C.
Section 82	:	Amendment of section 207.
Section 83	:	Amendment of section 209.
Section 84	:	Amendment of section 220.
Section 85	:	Amendment of section 234A.
Section 86	:	Amendment of section 234B.
Section 87	:	Amendment of section 234C.
Section 88	:	Amendment of section 234D.
Section 89	:	Insertion of new section 234E.
Section 90	:	Amendment of section 245C.
Section 91	:	Amendment of section 245N.
Section 92	:	Amendment of section 245Q.
Section 93	:	Amendment of section 245R.
Section 94	:	Amendment of section 246A.
Section 95	:	Amendment of section 253.
Section 96	:	Amendment of section 254.
Section 97	:	Amendment of section 271.
Section 98	:	Substitution of new section for section 271AA.
Section 99	:	Amendment of section 271AA.
Section 100	:	Amendment of section 271AAA.
Section 101	:	Insertion of new section 271AAB.
Section 102	:	Amendment of section 271G.
Section 103	:	Insertion of new section 271H.
Section 104	:	Amendment of section 272A.
Section 105	:	Amendment of section 273B.
Section 106	:	Amendment of section 276C.
Section 107	:	Amendment of section 276CC.
Section 108	:	Amendment of section 277.
Section 109	:	Amendment of section 277A.
Section 110	:	Amendment of section 278.
Section 111	:	Insertion of new sections 280A, 280B, 280C and 280D.
Section 112	:	Insertion of new section 292CC.
Section 113	:	Amendment of section 296.
Section 114	:	Amendment of Fourth Schedule.
Part: 2
Wealth Tax
Section 115	:	Amendment of section 2.
Section 116	:	Amendment of section 17.
Section 117	:	Amendment of section 17A.
Section 118	:	Amendment of section 45.
Section 119	:	Validation of demands, etc., under Income-tax Act, 1961 in certain cases.
Chapter: IV
Indirect Taxes
Part: 1
Customs
Section 120	:	Amendment of section 2.
Section 121	:	Amendment of section 7.
Section 122	:	Insertion of new section 28AAA.
Section 123	:	Amendment of section 28BA.
Section 124	:	Amendment of section 47.
Section 125	:	Amendment of section 75A.
Section 126	:	Amendment of section 104
Section 127	:	Amendment of section 122.
Section 128	:	Amendment of section 153.
Section 129	:	Special provisions exempting additional duty of customs on import of foreign-going vessels into India.
Section 130	:	Amendment of section 8C.
Section 131	:	Amendment of First Schedule.
Section 132	:	Amendment of Second Schedule.
Part: 2
Excise
Section 133	:	Amendment of section 4.
Section 134	:	Amendment of section 9.
Section 135	:	Amendment of section 11A.
Section 136	:	Amendment of section 11AC.
Section 137	:	Amendment of section 12F.
Section 138	:	Amendment of notification issued under section 5A of Central Excise Act.
Section 139	:	Amendment of Notification Number G.S.R. 254(E) issued under section 5A of Central Excise Act.
Section 140	:	Amendment of Third Schedule.
Section 141	:	Amendment of First Schedule.
Section 142	:	Amendment of Chapter Notes to Chapter 54 of First Schedule
Chapter: V
Service Tax
Section 143-A	:	Amendment of Act 32 of 1994 (Service Tax) - Section 65
Section 143-B	:	Amendment of section 65A
Section 143-C	:	Insertion of new section 65B
Section 143-D	:	Amendment of section 66
Section 143-E	:	Amendment of section 66A
Section 143-F - 66B	:	Insertion of new section 66B - Charge of service tax on and after Finance Act, 2012.
Section 143-F - 66C	:	Insertion of new section 66C - Determination of place of provision of service.
Section 143-F - 66D	:	Insertion of new section 66D - Negative list of services.
Section 143-F - 66E	:	Insertion of new section 66E - Declared services.
Section 143-F - 66F	:	Insertion of new section 66F - Principles of interpretation of specified descriptions of services or bundled services.
Section 143-G	:	Amendment of section 67
Section 143-H	:	Insertion of new section 67A - Date of determination of rate of tax, value of taxable service and rate of exchange.
Section 143-I	:	Amendment of section 68
Section 143-J	:	Insertion of new section 72A - Special audit.
Section 143-K	:	Amendment of section 73
Section 143-L	:	Amendment of section 80
Section 143-M	:	Amendment of section 83
Section 143-N	:	Amendment of section 85
Section 143-O	:	Amendment of section 86
Section 143-P	:	Amendment of section 88
Section 143-Q	:	Amendment of section 89
Section 143-R	:	Amendment of section 93A
Section 143-S	:	Insertion of new section 93B.
Section 143-T	:	Amendment of section 94
Section 143-U	:	Amendment to Section 95
Section 143-V	:	Amendment to Section 96C
Section 143-W	:	Insertion of new sections 97 and 98. Special provision for exemption in certain cases relating to management, etc., of roads.
Section 144	:	Amendment of rule 6 of CENVAT Credit Rules, 2004.
Section 145	:	Validation of exemption given to club or association including cooperative societies in relation to project.
Chapter: VI
Amendments to the FRBM Act, 2003
Section 146	:	Amendment of section 2.
Section 147	:	Amendment of section 3.
Section 148	:	Amendment of section 4.
Section 149	:	Insertion of new section 7A. Laying of review reports.
Section 150	:	Amendment of section 8.
Chapter: VII
Miscellaneous
Section 151	:	Amendment of Schedule to Act 47 of 1974.
Section 152	:	Amendment of Seventh Schedule to Act 14 of 2001.
Section 153	:	Amendment of Finance (No. 2) Act, 2004 (Act 23 of 2004)
Section 154	:	Amendment of Finance Act, 2005 (Seventh Schedule to Act 18 of 2005)
Section 155	:	Amendment of Finance Act, 2010 (Act 14 of 2010)
Section 156	:	Amendment of Finance Act, 2011 (Act 8 of 2011)
Schedules
SCHEDULE 01	:	INCOME-TAX (See section 2)
SCHEDULE 02	:	(See section 129)
SCHEDULE 03	:	First Schedule to the Customs Tariff Act (See Section 131)
SCHEDULE 04	:	(See section 132)
SCHEDULE 05	:	(See section 138)
SCHEDULE 06	:	(See section 140)
SCHEDULE 07	:	Amendment in the First Schedule of the Central Excise Tariff Act (See section 141)
SCHEDULE 08	:	(See section 144)
SCHEDULE 09	:	(See section 152)
SCHEDULE 10	:	(See section 154)