Finance (No. 2) Act, 2014

Chapter: I
PRELIMINARY
Section 1	:	Short title and commencement
Chapter: II
RATES OF INCOME-TAX
Section 2	:	Income-Tax
Chapter: III
DIRECT TAXES
Section 3	:	Amendment of section 2
Section 4	:	Substitution of new authorities
Section 5	:	Amendment of section 10
Section 6	:	Amendment of section 10AA
Section 7	:	Amendment of section 11
Section 8	:	Amendment of section 12A
Section 9	:	Amendment of section 12AA
Section 10	:	Amendment of section 24
Section 11	:	Amendment of section 32AC
Section 12	:	Amendment of section 35AD
Section 13	:	Amendment of section 37
Section 14	:	Amendment of section 40
Section 15	:	Amendment of section 43
Section 16	:	Amendment of section 44AE
Section 17	:	Amendment of section 45
Section 18	:	Amendment of section 47
Section 19	:	Amendment of section 48
Section 20	:	Amendment of section 49
Section 21	:	Amendment of section 51
Section 22	:	Amendment of section 54
Section 23	:	Amendment of section 54EC
Section 24	:	Amendment of section 54F
Section 25	:	Amendment of section 56
Section 26	:	Amendment of section 73
Section 27	:	Amendment of section 80C
Section 28	:	Amendment of section 80CCD
Section 29	:	Amendment of section 80CCE
Section 30	:	Amendment of section 80-IA
Section 31	:	Amendment of section 92B
Section 32	:	Amendment of section 92C
Section 33	:	Amendment of section 92CC
Section 34	:	Amendment of section 111A
Section 35	:	Amendment of section 112
Section 36	:	Amendment of section 115A
Section 37	:	Amendment of section 115BBC
Section 38	:	Amendment of section 115BBD
Section 39	:	Amendment of section 115JC
Section 40	:	Amendment of section 115JEE
Section 41	:	Amendment of section 115-O
Section 42	:	Amendment of section 115R
Section 43	:	Amendment of section 115TA
Section 44	:	Insertion of new Chapter XII-FA
Section 45	:	Amendment of section 116
Section 46	:	Amendment of section 119
Section 47	:	Amendment of section 133A
Section 48	:	Insertion of new section 133C -Power to call for information by prescribed income-tax authority
Section 49	:	Amendment of section 139
Section 50	:	Amendment of section 140
Section 51	:	Substitution of new section for section 142A- Estimation of value of assets by Valuation Officer
Section 52	:	Amendment of section 145
Section 53	:	Amendment of section 153
Section 54	:	Amendment of section 153B
Section 55	:	Amendment of section 153C
Section 56	:	Amendment of section 194A
Section 57	:	Insertion of new section 194DA - Payment in respect of life insurance policy
Section 58	:	Insertion of new section 194LBA - Certain income from units of a business trust
Section 59	:	Amendment of section 194LC
Section 60	:	Amendment of section 200
Section 61	:	Amendment of section 200A
Section 62	:	Amendment of section 201
Section 63	:	Amendment of section 206AA
Section 64	:	Amendment of section 220
Section 65	:	Amendment of section 245A
Section 66	:	Amendment of section 245N
Section 67	:	Amendment of section 245-O
Section 68	:	Amendment of section 269SS
Section 69	:	Amendment of section 269T
Section 70	:	Amendment of section 271FA
Section 71	:	Insertion of new section 271FAA- Penalty for furnishing inaccurate statement of financial transaction or reportable account
Section 72	:	Amendment of section 271G
Section 73	:	Amendment of section 271H
Section 74	:	Amendment of section 276D
Section 75	:	Amendment of section 281B
Section 76	:	Substitution of new section for section 285BA- Obligation to furnish statement of financial transaction or reportable account
Section 77	:	Amendment of Act 27 of 1957
Chapter: IV
INDIRECT TAXES
Section 78	:	Substitution of new authorities
Section 79	:	Amendment of section 3
Section 80	:	Amendment of section 15
Section 81	:	Amendment of section 25
Section 82	:	Amendment of section 46
Section 83	:	Amendment of section 127A
Section 84	:	Amendment of section 127B
Section 85	:	Amendment of section 127L
Section 86	:	Amendment of section 129A
Section 87	:	Amendment of section 129B
Section 88	:	Amendment of section 129D
Section 89	:	Substitution of new section for section 129E - Deposit of certain percentage of duty demanded or penalty imposed before filing appeal
Section 90	:	Substitution of new section for section 129EE- Interest on delayed refund of amount deposited under section 129E
Section 91	:	Amendment of section 131BA
Section 92	:	Amendment of notification issued under section 25 of Customs Act
Section 93	:	Amendment of section 8B
Section 94	:	Amendment of First Schedule
Section 95	:	Substitution of new authorities
Section 96	:	Amendment of section 2
Section 97	:	Insertion of new sections 15A and 15B- Obligation to furnish information return- Penalty for failure to furnish information return
Section 98	:	Amendment of section 31
Section 99	:	Amendment of section 32
Section 100	:	Amendment of section 32E
Section 101	:	Amendment of section 32-O
Section 102	:	Amendment of section 35B
Section 103	:	Amendment of section 35C
Section 104	:	Amendment of section 35E
Section 105	:	Substitution of new section for section 35F- Deposit of certain percentage of duty demanded or penalty imposed before filing appeal
Section 106	:	Substitution of new section for section 35FF- Interest delayed refund of amount deposited under section 35F
Section 107	:	Amendment of section 35L
Section 108	:	Amendment of section 35R
Section 109	:	Amendment of Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Rules, 2008
Section 110	:	Amendment of notification number G.S.R. 95(E), dated 1st March, 2006 issued under section 5A of Central Excise Act
Section 111	:	Amendment of notification number G.S.R. 163(E), dated 17th March, 2012 issued under section 5A of Central Excise Act
Section 112	:	Amendment of Third Schedule
Section 113	:	Amendment of First Schedule
Chapter: V
Service tax
Section 114	:	Amendment of Act 32 of 1994- Special provision for taxable services provided by Employees’ State Insurance Corporation
Chapter: VI
MISCELLANEOUS
Section 115	:	Amendment of Act 14 of 2001
Section 116	:	Amendment of section 13 of Act 58 of 2002
Section 117	:	Amendment of Finance (No. 2) Act, 2004
Section 118	:	Amendment of Finance Act, 2005 (Act 18 of 2005)
Section 119	:	Amendment of Finance Act, 2010 (Act 14 of 2010)
Section 120	:	Repeal
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
SCH 08	:	THE EIGHTH SCHEDULE
SCH 09	:	THE NINTH SCHEDULE