Finance Act, 2025

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 9
Section 5	:	Amendment of section 9A.
Section 6	:	Amendment of section 10.
Section 7	:	Amendment of section 12AB.
Section 8	:	Amendment of section 13.
Section 9	:	Amendment of section 17.
Section 10	:	Amendment of section 23.
Section 11	:	Insertion of new section 44BBD.
Section 12	:	Amendment of section 45.
Section 13	:	Amendment of section 47.
Section 14	:	Amendment of section 72A
Section 15	:	Amendment of section 72AA.
Section 16	:	Amendment of section 80CCA.
Section 17	:	Amendment of section 80CCD.
Section 18	:	Amendment of section 80-IAC.
Section 19	:	Amendment of section 80LA.
Section 20	:	Amendment of section 87A.
Section 21	:	Amendment of section 92CA.
Section 22	:	Amendment of section 112A.
Section 23	:	Amendment of section 113.
Section 24	:	Amendment of section 115AD.
Section 25	:	Amendment of section 115BAC.
Section 26	:	Amendment of section 115UA.
Section 27	:	Amendment of section 115V.
Section 28	:	Amendment of section 115VB.
Section 29	:	Amendment of section 115VD.
Section 30	:	Amendment of section 115VG.
Section 31	:	Amendment of section 115V-I.
Section 32	:	Amendment of section 115VK.
Section 33	:	Amendment of section 115VP.
Section 34	:	Amendment of section 115VT.
Section 35	:	Amendment of section 115VV.
Section 36	:	Amendment of section 115VX.
Section 37	:	Amendment of section 115VZA.
Section 38	:	Amendment of section 132.
Section 39	:	Amendment of section 132B.
Section 40	:	Amendment of section 139.
Section 41	:	Amendment of section 140B.
Section 42	:	Amendment of section 143.
Section 43	:	Amendment of section 144BA
Section 44	:	Amendment of section 144C.
Section 45	:	Amendment of section 153.
Section 46	:	Amendment of section 153B.
Section 47	:	Amendment of section 155.
Section 48	:	Amendment of section 158B.
Section 49	:	Amendment of section 158BA.
Section 50	:	Amendment of section 158BB.
Section 51	:	Amendment of section 158BC.
Section 52	:	Substitution of new section for section 158BD.
Section 53	:	Amendment of section 158BE.
Section 54	:	Amendment of section 158BFA.
Section 55	:	Omission of section 158BI.
Section 56	:	Amendment of section 193.
Section 57	:	Amendment of section 194.
Section 58	:	Amendment of section 194A.
Section 59	:	Amendment of section 194B.
Section 60	:	Amendment of section 194BB.
Section 61	:	Amendment of section 194D.
Section 62	:	Amendment of section 194G.
Section 63	:	Amendment of section 194H.
Section 64	:	Amendment of section 194-I.
Section 65	:	Amendment of section 194J.
Section 66	:	Amendment of section 194K.
Section 67	:	Amendment of section 194LA.
Section 68	:	Amendment of section 194LBC.
Section 69	:	Amendment of section 194Q.
Section 70	:	Amendment of section 194S.
Section 71	:	Omission of section 206AB.
Section 72	:	Amendment of section 206C.
Section 73	:	Omission of section 206CCA.
Section 74	:	Amendment of section 246A.
Section 75	:	Amendment of section 253.
Section 76	:	Amendment of section 255.
Section 77	:	Amendment of section 263.
Section 78	:	Amendment of section 264.
Section 79	:	Amendment of section 270AA.
Section 80	:	Amendment of section 271AAB.
Section 81	:	Omission of section 271BB.
Section 82	:	Amendment of section 271C.
Section 83	:	Amendment of section 271CA.
Section 84	:	Amendment of section 271D.
Section 85	:	Amendment of section 271DA.
Section 86	:	Amendment of section 271DB.
Section 87	:	Amendment of section 271E.
Section 88	:	Substitution of new section for section 275.
Section 89	:	Amendment of section 276BB.
Section 90	:	Insertion of new section 285BAA.
Section 91	:	Amendment of rule 68B of Second Schedule.
Chapter: IV
INDIRECT TAXES
Customs
Section 92	:	Amendment of section 18.
Section 93	:	Insertion of new section 18A.
Section 94	:	Amendment of section 27.
Section 95	:	Amendment of section 28.
Section 96	:	Amendment of section 127A.
Section 97	:	Amendment of section 127B.
Section 98	:	Amendment of section 127C.
Section 99	:	Amendment of section 127D.
Section 100	:	Amendment of section 127F.
Section 101	:	Amendment of section 127G.
Section 102	:	Amendment of section 127H.
Customs Tariff
Section 103	:	Amendment of First Schedule.
Central Excise
Section 104	:	Amendment of section 31.
Section 105	:	Insertion of new section 31A.
Section 106	:	Amendment of section 32.
Section 107	:	Amendment of section 32A.
Section 108	:	Amendment of section 32B.
Section 109	:	Amendment of section 32C.
Section 110	:	Amendment of section 32D.
Section 111	:	Amendment of section 32E.
Section 112	:	Amendment of section 32F.
Section 113	:	Amendment of section 32G.
Section 114	:	Amendment of section 32-I.
Section 115	:	Amendment of section 32J.
Section 116	:	Amendment of section 32K.
Section 117	:	Amendment of section 32L.
Section 118	:	Amendment of section 32M.
Section 119	:	Amendment of section 32-O.
Section 120	:	Amendment of section 32P.
Central Goods and Services Tax
Section 121	:	Amendment of section 2.
Section 122	:	Amendment of section 12.
Section 123	:	Amendment of section 13.
Section 124	:	Amendment of section 17.
Section 125	:	Amendment of section 20.
Section 126	:	Amendment of section 34.
Section 127	:	Amendment of section 38.
Section 128	:	Amendment of section 39.
Section 129	:	Amendment of section 107.
Section 130	:	Amendment of section 112.
Section 131	:	Insertion of new section 122B.
Section 132	:	Insertion of new section 148A.
Section 133	:	Amendment of Schedule III.
Section 134	:	No refund of tax collected.
Service Tax
Section 135	:	Special provision for retrospective exemption from service tax in certain cases relating to reinsurance services provided by insurance companies under Weather Based Crop Insurance Scheme and Modified National Agricultural Insurance Scheme.
Chapter: V
MISCELLANEOUS
Part: I
AMENDMENT TO THE UNIT TRUST OF INDIA (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 2002
Section 136	:	Amendment of Act 58 of 2002.
Part: II
AMENDMENTS TO THE GOVERNMENT SECURITIES ACT, 2006
Section 137	:	Application of this Part.
Section 138	:	Amendment of preamble.
Section 139	:	Amendment of section 1.
Section 140	:	Amendment of section 2.
Section 141	:	Amendment of section 3.
Section 142	:	Amendment of section 5.
Section 143	:	Amendment of section 31.
Section 144	:	Amendment of section 32.
Section 145	:	Repeal of Act 18 of 1944 and savings.
Part: III
AMENDMENT TO THE FINANCE ACT, 2016
Section 146	:	Amendment of Act 28 of 2016.
Part: IV
VALIDATION OF THE CENTRAL CIVIL SERVICES (PENSION) RULES AND PRINCIPLES FOR EXPENDITURE ON PENSION LIABILITES FROM THE CONSOLIDATED FUND OF INDIA
Section 147	:	Commencement of Part.
Section 148	:	Definitions.
Section 149	:	Powers and authority of Central Government.
Section 150	:	Validation.
Schedules
SCH-01	:	THE FIRST SCHEDULE
SCH-02	:	THE SECOND SCHEDULE
SCH-03	:	THE THIRD SCHEDULE