Finance Bill, 2021

Chapter: I
PRELIMINARY
Clause 1	:	Short title and commencement.
Chapter: II
RATES OF INCOME-TAX
Clause 2	:	Income-tax. Clause 2 read with the First Schedule to the Bill, seeks to specify the rates at which income-tax is to be levied on income ....
Chapter: III
DIRECT TAXES - Income-tax
Clause 3	:	Amendment of section 2. Clause 3 of the Bill seeks to amend section 2 of the Income-tax Act relating to definitions. Clause (11) of the said section....
Clause 4	:	Amendment of section 9A. Clause 4 of the Bill seeks to amend section 9A of the Income-tax Act relating to certain activities not to constitute busine....
Clause 5	:	Amendment of section 10. Clause 5 of the Bill seeks to amend section 10 of the Income-tax Act relating to incomes not included in total income. The s....
Clause 6	:	Amendment of section 11. Clause 6 of the Bill seeks to amend section 11 of the Income-tax Act relating to income from property held for charitable or....
Clause 7	:	Amendment of section 32. Clause 7 of the Bill seeks to amend section 32 of the Income-tax Act relating to depreciation. Sub-section (1) of the said s....
Clause 8	:	Amendment of section 36. Clause 8 of the Bill seeks to amend section 36 of the Income-tax Act, relating to other deductions. Sub-section (1) of the s....
Clause 9	:	Amendment of section 43B. Clause 9 of the Bill seeks to amend section 43B of the Income-tax Act relating to certain deductions to be only on actual pa....
Clause 10	:	Amendment of section 43CA. Clause 10 of the Bill seeks to amend section 43CA of the Income-tax Act relating to special provision for full value of cons....
Clause 11	:	Amendment of section 44AB. Clause 11 of the Bill seeks to amend section 44AB of the Income-tax Act relating to audit of accounts of certain persons car....
Clause 12	:	Amendment of section 44ADA. Clause 12 of the Bill seeks to amend section 44ADA of the Income-tax Act relating to special provision for computing profits....
Clause 13	:	Amendment of section 44DB. Clause 13 of the Bill seeks to amend section 44DB of the Income-tax Act relating to special provision for computing deductio....
Clause 14	:	Amendment of section 45. Clause 14 of the Bill seeks to amend section 45 of the Income-tax Act relating to Capital gains. The aforesaid section inter....
Clause 15	:	Amendment of section 47. Clause 15 of the Bill seeks to amend section 47 of the Income-tax Act relating to transactions not regarded as transfer. The....
Clause 16	:	Amendment of section 48. Clause 16 of the Bill seeks to amend section 48 of the Income-tax Act relating to mode of computation for income chargeable ....
Clause 17	:	Amendment of section 49. Clause 17 of the Bill seeks to amend section 49 of the Income-tax Act relating to cost with reference to certain modes of ac....
Clause 18	:	Amendment of section 50. Clause 18 of the Bill seeks to amend section 50 of the Income tax Act relating to special provision for computation of capit....
Clause 19	:	Amendment of section 54GB. Clause 19 of the Bill seeks to amend section 54GB of the Income-tax Act relating to capital gain on transfer of residential ....
Clause 20	:	Amendment of section 55. Clause 20 of the Bill seeks to amend section 55 of the Income tax Act relating to meaning of adjusted , cost of improvement ....
Clause 21	:	Amendment of section 56. Clause 21 of the Bill seeks to amend section 56 of the Income-tax Act relating to income from other sources. Sub-clause (b) ....
Clause 22	:	Amendment of section 72A. Clause 22 of the Bill seeks to amend section 72A of the Income-tax Act relating to provisions relating to carry forward and ....
Clause 23	:	Amendment of section 79. Clause 23 of the Bill seeks to amend section 79 of the Income-tax Act relating to carry forward and set off of losses in cas....
Clause 24	:	Amendment of section 80EEA. Clause 24 of the Bill seeks to amend section 80EEA of the Income-tax Act relating to deduction in respect of interest on loa....
Clause 25	:	Amendment of section 80-IAC. Clause 25 of the Bill seeks to amend section 80-IAC of the Income-tax Act relating to special provision in respect of specif....
Clause 26	:	Amendment of section 80-IBA. Clause 26 of the Bill seeks to amend section 80-IBA of the Income-tax Act relating to deductions in respect of profits and g....
Clause 27	:	Amendment of section 80LA. Clause 27 of the Bill seeks to amend section 80LA of the Income-tax Act relating to deduction in respect certain incomes of ....
Clause 28	:	Insertion of new section 89A. Clause 28 of the Bill seeks to insert a new section 89A in the Income-tax Act relating to relief from taxation in income fro....
Clause 29	:	Amendment of section 112A. Clause 29 of the Bill seeks to amend section 112A of the Income-tax Act relating to tax on long-term capital gains in certai....
Clause 30	:	Amendment of section 115AD. Clause 30 of the Bill seeks to amend section 115AD of the Income-tax Act relating to tax on income of Specified Fund or Fore....
Clause 31	:	Amendment of section 115JB. Clause 31 of the Bill seeks to amend section 115JB of the Income-tax Act relating to special provision for payment of tax by....
Clause 32	:	Amendment of section 139. Clause 32 of the Bill seeks to amend the section 139 of the Income-tax Act relating to return of income. The said section pr....
Clause 33	:	Amendment of section 142. Clause 33 of the Bill seeks to amend section 142 of the Income-tax Act relating to inquiry before assessment. Clause (i) of ....
Clause 34	:	Amendment of section 143. Clause 34 of the Bill seeks to amend section 143 of the Income-tax Act relating to assessment. Sub-clause (iv) of clause (a)....
Clause 35	:	Substitution of new section for section 147. Clause 35 of the Bill seeks to amend section 147 of the Income-tax Act relating to income escaping assessment. It is propose....
Clause 36	:	Substitution of new section for section 148. Clause 36 of the Bill seeks to amend section 148 of the Income-tax Act relating to issue of notice where income has escaped ....
Clause 37	:	Insertion of new section 148A. Clause 37 of the Bill seeks to insert a new section 148A in the Income-tax Act relating to Conducting inquiry, providing opp....
Clause 38	:	Substitution of new section for section 149. Clause 38 of the Bill seeks to amend section 149 of the Income-tax Act relating to time limit for notice. It is proposed to ....
Clause 39	:	Substitution of new section for section 151. Clause 39 of the Bill seeks to substitute of a new section for section 151 relating to sanction for issue of notice. It is p....
Clause 40	:	Amendment of section 151A. Clause 40 of the Bill seeks to amend section 151A of the Income-tax Act relating to faceless assessment of income escaping a....
Clause 41	:	Amendment of section 153. Clause 41 of the Bill seeks to amend section 153 of the Income-tax Act relating to time limit for completion of assessment, ....
Clause 42	:	Amendment of section 153A. Clause 42 of the Bill seeks to amend section 153A of the Income-tax Act relating to assessment in case of search or requisit....
Clause 43	:	Amendment of section 153C. Clause 43 of the Bill seeks to amend section 153C of the Income-tax Act relating to assessment of income of any other person....
Clause 44	:	Amendment of section 194. Clause 44 of the Bill seeks to amend section 194 of the Income-tax Act relating to dividends. The said section provides for ....
Clause 45	:	Amendment of section 194A. Clause 45 of the Bill seeks to amend section 194A of the Income-tax Act relating to interest other than Interest on securiti....
Clause 46	:	Amendment of section 194-IB. Clause 46 of the Bill seeks to amend section 194-IB of the of the Income-tax Act, relating to payment of rent by certain ind....
Clause 47	:	Insertion of new section 194P. Clause 47 of the Bill seeks to insert a new section 194P of the Income-tax Act relating to deduction of tax in case of speci....
Clause 48	:	Insertion of new section 194Q. Clause 48 of the Bill seeks to insert a new section 194Q in the Income-tax Act relating the deduction of tax at source on pa....
Clause 49	:	Amendment of section 196D. Clause 49 of the Bill seeks to amend section 196D of the Income-tax Act relating to income of Foreign Institutional Investor....
Clause 50	:	Amendment of section 206AA. Clause 50 of the Bill seeks to amend section 206AA of the Income-tax Act relating to requirement to furnish Permanent Accoun....
Clause 51	:	Insertion of new section 206AB. Clause 51 of the Bill seeks to insert section 206AB of the Income-tax Act relating to the deduction of tax at source on non-....
Clause 52	:	Insertion of new section 206CCA. Clause 52 of the Bill seeks to insert section 206CCA of the Income-tax Act relating to specified provisions for the collecti....
Clause 53	:	Amendment of section 234C. Clause 53 of the Bill seeks to amend section 234C of the Income-tax Act relating to interest for deferment of advance tax. T....
Clause 54	:	Amendment of section 245A. Clause 54 of the Bill seeks to amend the Chapter XIX-A of the Income-tax Act relating to settlement of cases by the Income-t....
Clause 55	:	Insertion of new section 245AA. Clause 55 of the Bill seeks to insert a new section 245AA of the Income-tax Act so as to provide for constitution of one or ....
Clause 56	:	Amendment of section 245B. Clause 56 of the Bill seeks to amend section 245B of the said Act so as to provide that the Income tax Settlement Commission....
Clause 57	:	Amendment of section 245BC. Clause 57 of the Bill seeks to amend section 245BC of the said Act so as to provide that the existing provisions of the said....
Clause 58	:	Amendment of section 245BD. Clause 58 of the Bill seeks to amend section 245BD of the said Act so as to provide that the existing provisions of the said....
Clause 59	:	Amendment of section 245C. Clause 59 of the Bill seeks to amend section 245C of the said Act so as to provide that no application shall be made under t....
Clause 60	:	Amendment of section 245D. Clause 60 of the Bill seeks to amend section 245D of the said Act so as to provide that where an order was required to be pa....
Clause 61	:	Amendment of section 245DD. Clauses 61, 62, 63 and 64 of the Bill seeks to amend sections 245DD, 245F, 245G and 245H of the Income-tax Act so as to prov....
Clause 62	:	Amendment of section 245F. Clauses 61, 62, 63 and 64 of the Bill seeks to amend sections 245DD, 245F, 245G and 245H of the Income-tax Act so as to prov....
Clause 63	:	Amendment of section 245G. Clauses 61, 62, 63 and 64 of the Bill seeks to amend sections 245DD, 245F, 245G and 245H of the Income-tax Act so as to prov....
Clause 64	:	Amendment of section 245H. Clauses 61, 62, 63 and 64 of the Bill seeks to amend sections 245DD, 245F, 245G and 245H of the Income-tax Act so as to prov....
Clause 65	:	Insertion of new section 245M. Clause 65 of the Bill seeks to insert new section 245M in the Income-tax Act so as to provide that the assessee an option to....
Clause 66	:	Insertion of new Chapter XIXAA. Clause 66 of the Bill seeks to insert a new Chapter XIX-AA containing section 245MA in the Income-tax Act, 1961 relating to ....
Clause 67	:	Amendment of section 245N. Clause 67 of the Bill seeks to amend section 245N of the Income-tax Act relating to definitions. It is proposed to omit sub-....
Clause 68	:	Amendment of section 245-O. Clause 68 of the Bill seeks to amend section 245-O of the Income-tax Act relating to Authority for Advance Rulings. It also ....
Clause 69	:	Insertion of new section 245-OB. Clause 69 of the Bill seeks to insert a section 245-OB relating to Board for Advance Rulings so as to provide that the Centr....
Clause 70	:	Amendment of section 245P. Clause 70 of the Bill seeks to amend section 245P of the Income-tax Act relating to vacancies, etc., not to invalidate proce....
Clause 71	:	Amendment of section 245Q. Clause 71 of the Bill seeks to amend section 245Q of the Income-tax Act relating to application for advance ruling. It is pr....
Clause 72	:	Amendment of section 245R. Clause 72 of the Bill seeks to amend section 245R of the Income-tax Act relating to procedure on receipt of application. It ....
Clause 73	:	Amendment of section 245S. Clause 73 of the Bill seeks to amend section 245S of the Income-tax Act relating to applicability of advance ruling. It is p....
Clause 74	:	Amendment of section 245T. Clause 74 of the Bill seeks to amend section 245T of the Income-tax Act relating to advanced ruling to be void in certain ci....
Clause 75	:	Amendment of section 245U. Clause 75 of the Bill seeks to amend section 245U of the Income-tax Act relating to powers of Authority. It is proposed to i....
Clause 76	:	Amendment of section 245V. Clause 76 of the Bill seeks to amend section 245V of the Income-tax Act relating to procedure of Authority. It is proposed t....
Clause 77	:	Insertion of new section 245W. Clause 77 of the Bill seeks to insert a new section 245W to the Income-tax Act relating to Appeal. It is proposed to insert ....
Clause 78	:	Amendment of section 255. Clause 78 of the Bill seeks to amend the section 255 of the Income-tax Act relating to procedure of Appellate Tribunal. It i....
Clause 79	:	Amendment of section 281B. Clause 79 of the Bill seeks to amend the section 281B of the Income-tax Act relating to provisional attachment to protect re....
Chapter: IV
INDIRECT TAXES
Customs
Clause 80	:	Amendment of section 2. Clause 80 of the Bill seeks to amend section 2 of the Customs Act by inserting a new clause (7B) therein so as to define the....
Clause 81	:	Amendment of section 5. Clause 81 of the Bill seeks to make amendment in sub-section (3) of section 5 of the Customs Act so as to substitute the wor....
Clause 82	:	Amendment of section 25. Clause 82 of the Bill seeks to insert a new sub-section (4A) in section 25 of the Customs Act so as to provide that the exem....
Clause 83	:	Insertion of new section 28BB. Clause 83 of the Bill seeks to insert a new section 28BB in the Customs Act so as to provide time limit for completion of ce....
Clause 84	:	Amendment of section 46. Clause 84 of the Bill seeks to amend sub-section (3) of section 46 of the Customs Act so as to ensure mandatory filing of bi....
Clause 85	:	Amendment of section 110. Clause 85 of the Bill seeks to amend section 110 of the Customs Act and to insert a new sub-section (1D) so as to provide th....
Clause 86	:	Amendment of section 113. Clause 86 of the Bill seeks to insert a new clause (ja) in section 113 of the Customs Act so as to provide that any goods en....
Clause 87	:	Insertion of new section 114AC. Clause 87 of the Bill seeks to insert a new section 114AC in the Customs Act so as to provide penalty for fraudulent utilisa....
Clause 88	:	Amendment of section 139. Clause 88 of the Bill also seeks to make consequential amendment in the Explanation to section 139 of the Customs Act so as ....
Clause 89	:	Amendment of section 149. Clause 89 of the Bill seeks to amend section 149 of the Customs Act by inserting second and third provisos therein so as to ....
Clause 90	:	Amendment of section 153. Clause 90 of the Bill seeks to amend sub-section (1) of section 153 of the Customs Act by inserting clause (ca) therein so a....
Clause 91	:	Insertion of new section 154C. Clause 91 of the Bill seeks to insert a new section 154C in the Customs Act so as to empower the Board to notify a common po....
Customs Tariff
Clause 92	:	Amendment of section 8B. Clause 92 of the Bill seeks to amend sub-section (6) of section 8B of the Customs Tariff Act to make both conditions thereun....
Clause 93	:	Amendment of section 9. Clause 93 of the Bill seeks to amend sub-section (1A) of section 9 of the Customs Tariff Act to provide for retrospective le....
Clause 94	:	Amendment of section 9A. Clause 94 of the Bill seeks to amend sub-section (1A) of section 9A of the Customs Tariff Act to provide for retrospective l....
Clause 95	:	Amendment of First Schedule. Clause 95 of the Bill seeks to amend the First Schedule to the Customs Tariff Act, 1975, so as to (i) revise the tariff rate....
Excise
Clause 96	:	Amendment of Fourth Schedule. Clause 96 of the Bill seeks to amend the Fourth Schedule to the Central Excise Act. Sub-clause (i) of the said clause seeks ....
Clause 97	:	Amendment of Chapter 27 of Fourth Schedule. Clause 97 of the Bill seeks to amend the Fourth Schedule to the Central Excise Act so as to rectified errors in certain entr....
Clause 98	:	Revised date of effect to amendments made in Fourth Schedule vide notification issued under section 3C of Central Excise Act, 1944. Clause 98 of the Bill seeks to revise the date of effect to the amendments made in the Fourth Schedule to the Central Excise....
Central Goods and Service Tax
Clause 99	:	Amendment of section 7. Clause 99 of the Bill seeks to amend section 7 of the Central Goods and Services Tax Act, 2017, with retrospective effect fr....
Clause 100	:	Amendment of section 16. Clause 100 of the Bill seeks to amend section 16 of the Central Goods and Services Tax Act by inserting a new clause (aa) in....
Clause 101	:	Amendment of section 35. Clause 101 of the Bill seeks to omit sub-section (5) of section 35 of the Central Goods and Services Tax Act so as to remove....
Clause 102	:	Substitution of new section for section 44. Clause 102 of the Bill seeks to substitute a new section for section 44 of the Central Goods and Services Tax Act so as to r....
Clause 103	:	Amendment of section 50. Clause 103 of the Bill seeks to amend section 50 of the Central Goods and Services Tax Act to substitute the proviso to sub-....
Clause 104	:	Amendment of section 74. Clause 104 of the Bill seeks to amend section 74 of the Central Goods and Services Tax Act so as to make seizure and confisc....
Clause 105	:	Amendment of section 75. Clause 105 of the Bill seeks to amend section 75 of the Central Goods and Services Tax Act so as to insert an Explanation in....
Clause 106	:	Amendment of section 83. Clause 106 of the Bill seeks to substitute sub-section (1) of section 83 of the Central Goods and Services Tax Act so as to ....
Clause 107	:	Amendment of section 107. Clause 107 of the Bill seeks to insert a new proviso in sub-section (6) of section 107 of the Central Goods and Services Tax....
Clause 108	:	Amendment of section 129. Clause 108 of the Bill seeks to amend section 129 of the Central Goods and Services Tax Act so as to delink the proceedings ....
Clause 109	:	Amendment of section 130. Clause 109 of the Bill seeks to amend section 130 of the Central Goods and Services Tax Act, so as to delink the proceedings....
Clause 110	:	Substitution of new section for section 151. Clause 110 of the Bill seeks to substitute section 151 of the Central Goods and Services Tax Act so as to empower the jurisd....
Clause 111	:	Amendment of section 152. Clause 111 of the Bill seeks to amend sub-section (1) of section 152 of the Central Goods and Services Tax Act so as to prov....
Clause 112	:	Amendment of section 168. Clause 112 of the Bill seeks to amend section 168 of the Central Goods and Services Tax Act so as to enable the jurisdiction....
Clause 113	:	Amendment to Schedule II. Clause 113 of the Bill seeks to omit paragraph 7 of Schedule II to the Central Goods and Services Tax Act, with retrospectiv....
Integrated Goods and Services Tax
Clause 114	:	Amendment of section 16. Clause 114 of the Bill seeks to amend section 16 of the Integrated Goods and Services Tax Act, 2017 so as to make provisions....
Chapter: V
AGRICULTURE INFRASTRUCTURE AND DEVELOPMENT CESS
Clause 115	:	Agriculture Infrastructure and Development Cess on imported goods. Clause 115 of the Bill seeks to provide for levy and collection of Agriculture Infrastructure and Development Cess as duty o....
Clause 116	:	Agriculture Infrastructure and Development Cess on excisable goods. Clause 116 of the Bill seeks to provide for levy and collection of Agriculture Infrastructure and Development Cess as an add....
Chapter: VI
MISCELLANEOUS
Part: I
AMENDMENT TO THE INDIAN STAMP ACT, 1899
Clause 117	:	Insertion of new section 8G. Clause 117 of the Bill seeks to insert a new section 8G in the Indian Stamp Act, 1899 to provide that strategic sale, disinv....
Part: II
AMENDMENT TO THE CONTINGENCY FUND OF INDIA ACT, 1950
Clause 118	:	Amendment of Act 49 of 1950. Clause 118 of the Bill seeks to insert a new sub-section (3) in section 2 of the Contingency Fund of India Act, 1950 relatin....
Part: III
AMENDMENTS TO THE LIFE INSURANCE CORPORATION ACT, 1956
Clause 119	:	Commencement of this Part. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 120	:	Amendment of section 2. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 121	:	Substitution of section 4. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 122	:	Substitution of section 5. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 123	:	Substitution of section 19. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 124	:	Substitution of section 20. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 125	:	Amendment of section 22. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 126	:	Insertion of new section 23A. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 127	:	Substitution of section 24. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 128	:	Substitution of section 25. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 129	:	Amendment of section 26. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 130	:	Amendment of section 27. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 131	:	Amendment of section 28. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 132	:	Amendment of section 28A. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 133	:	Insertion of new sections 28B and 28C. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 134	:	Substitution of sections 46 and 47. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 135	:	Amendment of section 48. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 136	:	Amendment of section 49. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 137	:	Insertion of sections 50 and 51. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Part: IV
AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956
Clause 138	:	Commencement of this Part. Clauses 138 to 140 of the Bill seeks to amend the provisions of the Securities Contracts (Regulation) Act, 1956. It is propo....
Clause 139	:	Amendment of section 2. Clauses 138 to 140 of the Bill seeks to amend the provisions of the Securities Contracts (Regulation) Act, 1956. It is propo....
Clause 140	:	Insertion of new section 30B. Clauses 138 to 140 of the Bill seeks to amend the provisions of the Securities Contracts (Regulation) Act, 1956. It is propo....
Part: V
AMENDMENT TO THE CENTRAL SALES TAX ACT, 1956
Clause 141	:	Amendment of Act 74 of 1956. Clause 141 of the Bill seeks to amend sub-section (3) of section 8 of the Central Sales Tax Act, 1956 by substituting clause....
Part: VI
AMENDMENTS TO THE PROHIBITION OF BENAMI PROPERTY TRANSACTION ACT, 1988
Clause 142	:	Commencement of this Part. Clauses 142 to 147 of the Bill seeks to amend certain provisions of the Prohibition of Benami Property Transactions Act, 198....
Clause 143	:	Amendment of section 2. Clauses 142 to 147 of the Bill seeks to amend certain provisions of the Prohibition of Benami Property Transactions Act, 198....
Clause 144	:	Substitution of section 7. Clauses 142 to 147 of the Bill seeks to amend certain provisions of the Prohibition of Benami Property Transactions Act, 198....
Clause 145	:	Omission of sections 8 to 17. Clauses 142 to 147 of the Bill seeks to amend certain provisions of the Prohibition of Benami Property Transactions Act, 198....
Clause 146	:	Amendment of section 26. Clauses 142 to 147 of the Bill seeks to amend certain provisions of the Prohibition of Benami Property Transactions Act, 198....
Clause 147	:	Amendment of section 68. Clauses 142 to 147 of the Bill seeks to amend certain provisions of the Prohibition of Benami Property Transactions Act, 198....
Part: VII
AMENDMENT TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992
Clause 148	:	Amendment of Act 15 of 1992. Clause 148 of the Bill seeks to amend section 12 of the Securities and Exchange Board of India Act, 1992 relating to regulat....
Part: VIII
AMENDMENT TO THE RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993
Clause 149	:	Amendment of Act 51 of 1993. Clause 149 of the Bill seeks to amend section 2 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 r....
Part: IX
AMENDMENT TO THE FINANCE ACT, 2001
Clause 150	:	Amendment of Seventh Schedule. Clause 150 of the Bill seeks to amend the Seventh Schedule of the Finance Act, 2001, with effect from 1st January, 2022. ....
Part: X
AMENDMENT TO THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002
Clause 151	:	Amendment of Act 54 of 2002. Clause 151 of the Bill seeks to amend the provisions of section 2 of the Securitisation and Reconstruction of Financial Asse....
Part: XI
AMENDMENTS TO THE INDUSTRIAL DEVELOPMENT BANK (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 2003
Clause 152	:	Commencement of this Part. Clauses 152 and 153 of the Bill seeks to amend the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 200....
Clause 153	:	Amendment of section 3. Clauses 152 and 153 of the Bill seeks to amend the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 200....
Part: XII
AMENDMENTS TO THE FINANCE (NO.2) ACT, 2004
Clause 154	:	Commencement of this Part. Clause 154 and 155 of the Bill seeks to amend section 97 of the Finance Act (No.2) Act, 2004. Chapter-VII of the said Act pr....
Clause 155	:	Amendment of section 97. Clause 154 and 155 of the Bill seeks to amend section 97 of the Finance Act (No.2) Act, 2004. Chapter-VII of the said Act pr....
Clause 156	:	Amendment of section 98. Clause 156 of the Bill seeks to amend section 98 of the Finance Act (No.2) Act, 2004. It is proposed to insert serial number....
Clause 157	:	Amendment of section 100. Clauses 157 and 158 of the Bill seeks to amend sections 100 and 101 of the Finance Act (No.2) Act, 2004. It is proposed to c....
Clause 158	:	Amendment of section 101. Clauses 157 and 158 of the Bill seeks to amend sections 100 and 101 of the Finance Act (No.2) Act, 2004. It is proposed to c....
Part: XIII
AMENDMENT TO THE FINANCE ACT, 2016
Clause 159	:	Amendment of Act 28 of 2016. Clause 159 of the Bill seeks to amend sections 163, 164,165A and 191 of the Finance Act, 2016. It is proposed to insert a pr....
Part: XIV
AMENDMENT TO THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020
Clause 160	:	Amendment of Act 3 of 2020. Clause 160 of the Bill seeks to amend section 2 of the Direct Tax Vivad se Vishwas Act, 2020 relating to definitions. It is ....
SCHEDULES
SCH-01	:	THE FIRST SCHEDULE
SCH-02	:	THE SECOND SCHEDULE
SCH-03	:	THE THIRD SCHEDULE
SCH-04	:	THE FOURTH SCHEDULE
SCH-05	:	THE FIFTH SCHEDULE
SCH-06	:	THE SIXTH SCHEDULE
SCH-07	:	THE SEVENTH SCHEDULE
Notes on clauses
NOTES	:	NOTES ON CLAUSES
MEMORANDUM REGARDING DELEGATED LEGISLATION
MEMO	:	MEMORANDUM REGARDING DELEGATED LEGISLATION