Finance Act, 1994

Chapter: I
PRELIMINARY
Section 1	:	Short title and commencement
Chapter: II
RATES OF INCOME-TAX
Section 2	:	Income-tax
Chapter: III
DIRECT TAX INCOME-TAX
Section 3	:	Amendment of section 2
Section 4	:	Insertion of new section 5A
Section 5	:	Amendment of section 6
Section 6	:	Amendment of section 10
Section 7	:	Amendment of section 10B
Section 8	:	Amendment of section 12A
Section 9	:	Amendment of section 13
Section 10	:	Amendment of section 17
Section 11	:	Amendment of section 24
Section 12	:	Amendment of section 33AB
Section 13	:	Amendment et section 35
Section 14	:	Amendment of section 36
Section 15	:	Amendment of section 37
Section 16	:	Insertion of new sections 44AD and 44AE
Section 17	:	Amendment of section 44D
Section 18	:	Amendment of section 55
Section 19	:	Amendment of section 57
Section 20	:	Amendment of section 64
Section 21	:	Amendment of section 71
Section 22	:	Substitution of new section for section 71A
Section 23	:	Insertion of new section 80E
Section 24	:	Amendment of section 80G
Section 25	:	Amendment of section 80HHD
Section 26	:	Amendment of section 80HHE
Section 27	:	Amendment of section 80IA
Section 28	:	Omission of section 80V
Section 29	:	Amendment of section 88
Section 30	:	Amendment of section 88B
Section 31	:	Amendment of section 112
Section 32	:	Amendment of section 115A
Section 33	:	Amendment of section 115K
Section 34	:	Amendment of section 115N
Section 35	:	Amendment of section 116
Section 36	:	Amendment of section 139
Section 37	:	Amendment of section 143
Section 38	:	Amendment of section 154
Section 39	:	Amendment of section 194C
Section 40	:	Insertion on new section 194I
Section 41	:	Amendment of section 196A
Section 42	:	Amendment of section 197
Section 43	:	Amendment of sections 198 to 200 and 202 to 205
Section 44	:	Amendment of section 211
Section 45	:	Amendment of section 234C
Section 46	:	Amendment of section 246
Section 47	:	Amendment of section 269
Section 48	:	Amendment of section 273A
Section 49	:	Amendment of section 296
Section 50	:	Consequential amendments
WEALTH TAX
Section 51	:	Amendment of section 2
Section 52	:	Amendment of section 4
Section 53	:	Amendment of section 46
GIFT TAX
Section 54	:	Amendment of section 2
Section 55	:	Amendment of section 5
INTEREST TAX
Section 56	:	Amendment of section 3 of Act 45 of 1974
EXPENDITURE TAX
Section 57	:	Amendment of section 4
Section 58	:	Amendment of section 6
Section 59	:	Amendment of section 17
Chapter: VI
INDIRECT TAXES CUSTOMS
Section 60	:	Amendment of Act 52 of 1962
Section 61	:	Amendment of 51 of 1975
EXCISE
Section 62	:	Amendment of Act 5 of 1986
Section 63	:	Amendment of Act 58 of 1957
Chapter: V
Service Tax
Section 64	:	Extent, commencement and application
Section 65	:	Definitions (Upto 30-6-2012)
Section 65A	:	Classification of Taxable Services (Upto 30-6-2012)
Section 65B	:	Interpretations (w.e.f. 1-7-2012)
Section 66	:	Charge of Service Tax (Upto 30-6-2012)
Section 66A	:	Charge of Service Tax on Services received from outside India (Upto 30-6-2012)
Section 66B	:	Charge of service tax (w.e.f. 1-7-2012)
Section 66BA	:	Reference to section 66 to be construed as reference to section 66B(1) (w.e.f. 1-7-2012)
Section 66C	:	Determination of place of provision of service (w.e.f. 1-7-2012)
Section 66D	:	Negative list of services (w.e.f. 1-7-2012)
Section 66E	:	Declared services (w.e.f. 1-7-2012)
Section 66F	:	Principles of interpretation of specified descriptions of services or bundled services (w.e.f. 1-7-2012)
Section 67	:	Valuation of Taxable Services of Charging Service Tax
Section 67A	:	Date of determination of rate of tax, value of taxable service and rate of exchange.
Section 68	:	Payment of Service Tax
Section 69	:	Registration
Section 70	:	Furnishing of Returns
Section 71	:	Schemes for submission of Returns through Service Tax Preparers.
Section 72	:	Best judgment assessment.
Section 72A	:	Special audit
Section 73	:	Recovery of service tax not levied or paid or short-levied or short-paid or erroneously refunded
Section 73A	:	Service Tax Collected from any person to be deposited with Central Government
Section 73B	:	Interest on amount collected in excess
Section 73C	:	Provisional attachment to protect revenue in certain cases.
Section 73D	:	Publication of information in respect of persons in certain cases.
Section 74	:	Rectification of Mistake
Section 75	:	Interest on Delayed Payment of Service Tax
Section 75A	:	Deleted
Section 76	:	Penalty for Failure to pay service tax
Section 77	:	Penalty for contravention of rules and provisions of Act for which no penalty is specified elsewhere
Section 78	:	Penalty for failure to pay service tax for reasons of fraud, etc.
Section 78A	:	Penalty for offences by director, etc., of company
Section 78B	:	Transitory provisions
Section 79	:	Deleted
Section 80	:	Omitted
Section 81	:	Deleted
Section 82	:	Power to search premises
Section 83	:	Application of certain provisions of Act 1 of 1944
Section 83A	:	Power of Adjudication of Penalty
Section 84	:	Appeals to Commissioner of Central Excise (Appeals).
Section 85	:	Appeals to the Commissioner of Central Excise (Appeals)
Section 86	:	Appeals to Appellate Tribunal
Section 87	:	Recovery of any amount due to Central Government
Section 88	:	Liability under Act to be first charge
Section 89	:	Offences and penalties
Section 90	:	Cognizance of offences
Section 91	:	Power to arrest
Section 92	:	Deleted
Section 93	:	Power to grant exemption from service-tax
Section 93A	:	Power to grant rebate
Section 93B	:	Rules made under section 94 to be applicable to services other than taxable services.
Section 94	:	Power to Make Rules
Section 95	:	Power to remove difficulties
Section 96	:	Consequential amendment
Chapter: VA
ADVANCE RULINGS
Section 96A	:	Definitions (Advance Ruling)
Section 96B	:	Omitted
Section 96C	:	Application for advance ruling
Section 96D	:	Procedure on receipt of application
Section 96E	:	Applicability of advance ruling
Section 96F	:	Advance ruling to be void in certain circumstances
Section 96G	:	Power of Authority
Section 96H	:	Procedure of Authority
Section 96HA	:	Transitional provision.
Section 96I	:	Power of Central Government to make rules
Special provisions
Section 96J	:	Special exemption from service tax in certain cases
Section 97	:	Special provision for exemption in certain cases relating to management, etc., of roads
Section 98	:	Special provision for exemption in certain cases relating to management, etc., of noncommercial Government buildings.
Section 99	:	Special provision for taxable services provided by Indian railways
Section 100	:	Special provision for taxable services provided by Employees’ State Insurance Corporation
Section 101	:	Special provision for exemption in certain cases relating to construction of canal, dam, etc.
Section 102	:	Special provision for exemption in certain cases relating to construction of Government buildings.
Section 103	:	Special provision for exemption in certain cases relating to construction of airport or port.
Section 104	:	Special provision for exemption in certain cases relating to long term lease of industrial plots.
Section 105	:	Special provision for exemption in certain cases relating to life insurance services provided to members of armed forces of Union.
Chapter: IV
FOREIGN TRAVEL TAX
Section 97	:	Amendment of Act 21 of 1979
Chapter: VII
INLAND AIR TRAVEL TAX
Section 98	:	Amendment of Act 13 of 1989
Chapter: VIII
MISCELLANEOUS
Section 99	:	Amendment of Act 2 of 1899
SCHEDULE
SCH-01	:	First Schedule
SCH-02	:	Second Schedule
SCH-03	:	Third Schedule
SCH-04	:	Fourth Schedule
SCH-05	:	Fifth Schedule