Finance (No. 2) Act, 1998

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	:	Substitution of new authorities
Section 4	:	Amendment of section 2
Section 5	:	Amendment of section 10
Section 6	:	Amendment of section 16
Section 7	:	Amendment of section 17
Section 8	:	Amendment of section 24
Section 9	:	Amendment of section 32
Section 10	:	Insertion of new section 33ABA
Section 11	:	Amendment of section 35
Section 12	:	Amendment of section 35A
Section 13	:	Amendment of section 35AB
Section 14	:	Amendment of section 35D
Section 15	:	Amendment of section 37
Section 16	:	Amendment of section 41
Section 17	:	Amendment of section 42
Section 18	:	Amendment of section 43
Section 19	:	Amendment of section 43B
Section 20	:	Amendment of section 44AA
Section 21	:	Amendment of section 47
Section 22	:	Amendment of section 47A
Section 23	:	Insertion of new section 50A
Section 24	:	Amendment of section 54H
Section 25	:	Amendment of section 69C
Section 26	:	Insertion of new section 71B
Section 27	:	Amendment of section 72A
Section 28	:	Substitution of new section for sections 80-DD and 80-DDA
Section 29	:	Amendment of section 80-G
Section 30	:	Insertion of new section 80-GG
Section 31	:	Insertion of new section 80-HHBA
Section 32	:	Amendment of section 80-HHD
Section 33	:	Amendment of section 80-HHE
Section 34	:	Amendment of Section 80-IA
Section 35	:	Insertion of new section 80JJA
Section 36	:	Insertion of new section 80JJA
Section 37	:	Amendment of section 80P
Section 38	:	Amendment of section 115AD
Section 39	:	Amendment of section 116
Section 40	:	Amendment of section 139
Section 41	:	Amendment of section 139A
Section 42	:	Amendment of section 143
Section 43	:	Insertion of new section 145A
Section 44	:	Amendment of section 158BA
Section 45	:	Amendment of section 158BB
Section 46	:	Amendment of section 158BE
Section 47	:	Amendment of section 192
Section 48	:	Amendment of Chapter XIX-B
Section 49	:	Insertion of new section 246A
Section 50	:	Amendment of Section 249
Section 51	:	Amendment of section 252
Section 52	:	Amendment of section 253
Section 53	:	Amendment of section 254
Section 54	:	Amendment of section 255
Section 55	:	Amendment of section 256
Section 56	:	Amendment of section 257
Section 57	:	Amendment of section 260
Section 58	:	Insertion of new sub-heading and sections in Chapter XX
Section 59	:	Amendment of section 261
Section 60	:	Amendment of section 264
Section 61	:	Substitution of new section for section 271F
Section 62	:	Amendment of section 272A
Section 63	:	Amendment of section 285B
Section 64	:	Amendment of First Schedule
Section 65	:	Consequential amendments
WEALTH-TAX
Section 66	:	Substitution of new authorities
Section 67	:	Amendment of section 2.
Section 68	:	Amendment of section 5
Section 69	:	Insertion of new section 23A
Section 70	:	Amendment of section 24
Section 71	:	Amendment of section 25
Section 72	:	Insertion of new section 27A
Section 73	:	Amendment of section 28
Section 74	:	Amendment of section 29
GIFT-TAX
Section 75	:	Amendment of section 3
Section 76	:	Application of the provisions of the Wealth-tax Act
INTEREST-TAX
Section 77	:	Amendment of section 3
Section 78	:	Amendment of section 15
Section 79	:	Amendment of section 16
Section 80	:	Amendment of section 20
EXPENDITURE-TAX
Section 81	:	Amendment of section 3
Section 82	:	Amendment of section 6
Section 83	:	Amendment of section 21
Section 84	:	Amendment of section 22
Section 85	:	Amendment of section 23
Chapter: IV
KAR VIVAD SAMADHAN SCHEME, 1998
Section 86	:	Short title and commencement
Section 87	:	Definitions
Section 88	:	Settlement of tax payable
Section 89	:	Particulars to be furnished in declaration
Section 90	:	Time and manner of payment of tax arrear
Section 91	:	Immunity from prosecution and imposition of penalty in certain cases
Section 92	:	Appellate authority not to proceed in certain cases
Section 93	:	No refund of amount paid under the Scheme
Section 94	:	Removal of doubts
Section 95	:	Scheme not to apply in certain cases
Section 96	:	Power of Central Government to issue directions
Section 97	:	Power to remove difficulties
Section 98	:	Power to make rules
Chapter: V
INDIRECT TAXES CUSTOMS
Section 99	:	Amendment of section 25
Section 100	:	Amendment of section 27
Section 101	:	Substitution of new section for section 53 to 55
Section 102	:	Insertion of new Chapter XIVA
Section 103	:	Additional duty of customs (motor spirit)
Section 104	:	Amendment of Act 51 of 1975
EXCISE
Section 105	:	Amendment of section 4A
Section 106	:	Amendment of section 5A
Section 107	:	Amendment of section 9
Section 108	:	Amendment of section 11B
Section 109	:	Amendment of section 35B
Section 110	:	Insertion of new Chapter V
Section 111	:	Additional duty of excise (motor spirit)
Section 112	:	Amendment of Act 5 of 1986
Section 113	:	Amendment of Act 58 of 1957
Section 114	:	Amendment of Act 40 of 1978
Section 115	:	Amendment of Act 16 of 1955
Chapter: VI
SERVICE TAX
Section 116	:	Amendment of Act 32 of 1994
Chapter: VII
MISCELLANEOUS
Section 117	:	Omission of section 37 of Act 28 of 1981
Section 118	:	Amendment of Act 6 of 1998
Section 119	:	Repeal
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