Finance Bill, 2017

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, specifies the rates at which income- tax is to be levied on income charg....
Chapter: III
DIRECT TAXES - Income-tax
Clause 3	:	Amendment of section 2. Clause 3 of the Bill seeks to amend section 2 of the Incometax Act relating to definitions. The existing provisions containe....
Clause 4	:	Amendment of section 9. Clause 4 of the Bill seeks to amend section 9 of the Incometax Act relating to income deemed to accrue or arise in India. Cl....
Clause 5	:	Amendment of section 9A. Clause 5 of the Bill seeks to amend section 9A of the Income-tax Act relating to certain activities not to constitute busine....
Clause 6	:	Amendment of section 10. Clause 6 of the Bill seeks to amend section 10 of the Income-tax Act relating to incomes not included in total income. The e....
Clause 7	:	Amendment of section 10AA. Clause 7 of the Bill seeks to amend section 10AA of the Income-tax Act relating to special provisions in respect of newly es....
Clause 8	:	Amendment of section 11. Clause 8 of the Bill seeks to amend section 11 of the Income-tax Act relating to income from property held for charitable or....
Clause 9	:	Amendment of section 12A. Clause 9 of the Bill seeks to amend section 12A of the Income-tax Act relating to conditions for applicability of sections 1....
Clause 10	:	Amendment of section 12AA. Clause 10 of the Bill seeks to amend section 12AA of the Income-tax Act relating to procedure for registration. It is propos....
Clause 11	:	Amendment of section 13A. Clause 11 of the Bill seeks to amend section 13A of the Income-tax Act relating to special provision relating to incomes of ....
Clause 12	:	Amendment of section 23. Clause 12 of the Bill seeks to amend section 23 of the Income-tax Act relating to annual value how determined. It is propose....
Clause 13	:	Amendment of section 35AD. Clause 13 of the Bill seeks to amend section 35AD of the Income-tax Act relating to deduction in respect of expenditure on s....
Clause 14	:	Amendment of section 36. Clause 14 of the Bill seeks to amend section 36 of the Income-tax Act relating to other deductions. The provisions of sub-cl....
Clause 15	:	Amendment of section 40A. Clause 15 of the Bill seeks to amend section 40A of the lncome -tax Act relating to expenses or payments not deductible in c....
Clause 16	:	Amendment of section 43. Clause 16 of the Bill seeks to amend section 43 of the Income-tax Act relating to definitions of certain terms relevant to i....
Clause 17	:	Amendment of section 43B. Clause 17 of the Bill seeks to amend section 43B of the Income-tax Act relating to certain deductions to be only on actual p....
Clause 18	:	Amendment of section 43D. Clause 18 of the Bill seeks to amend section 43D of the Income-tax Act relating to special provision in case of income of pu....
Clause 19	:	Amendment of section 44AA. Clause 19 of the Bill seeks to amend section 44AA of the Income-tax Act relating to maintenance of accounts by certain perso....
Clause 20	:	Amendment of section 44AB. Clause 20 of the Bill seeks to amend section 44AB of the Income-tax Act relating to audit of accounts of certain persons car....
Clause 21	:	Amendment of section 44AD. Clause 21 of the Bill seeks to amend section 44AD of the Income-tax Act relating to special provision for computing profits ....
Clause 22	:	Amendment of section 45. Clause 22 of the Bill seeks to amend section 45 of the Income-tax Act relating to Capital gains. Under the existing provisio....
Clause 23	:	Amendment of section 47. Clause 23 of the Bill seeks to amend section 47 of the Income-tax Act relating to transactions not regarded as transfer. The....
Clause 24	:	Amendment of section 48. Clause 24 of the Bill seeks to amend section 48 of the Income-tax Act relating to mode of computation. The fifth proviso to ....
Clause 25	:	Amendment of section 49. Clause 25 of the Bill seeks to amend section 49 of the Income-tax Act relating to cost with reference to certain modes of ac....
Clause 26	:	Insertion of new section 50CA. - Special provision for full value of consideration for transfer of share other than quoted share. Clause 26 of the Bill seeks to insert a new section 50CA in the Income-tax Act relating to special provision for full value ....
Clause 27	:	Amendment of section 54EC. Clause 27 of the Bill seeks to amend section 54EC of the Income-tax Act relating to capital gain not to be charged on invest....
Clause 28	:	Amendment of section 55. Clause 28 of the Bill seeks to amend section 55 of the Income-tax Act relating to meaning of adjusted , cost of improvement ....
Clause 29	:	Amendment of section 56. Clause 29 of the Bill seeks to amend section 56 of the Income-tax Act relating to income from other sources. The existing pr....
Clause 30	:	Amendment of section 58. Clause 30 of the Bill seeks to amend section 58 of the Income-tax Act relating to amounts not deductible. The provisions of ....
Clause 31	:	Amendment of section 71. Clause 31 of the Bill seeks to amend section 71 of the Income-tax Act relating to set off of loss from one head against inco....
Clause 32	:	Substitution of new section for section 79.- Carry forward and set off of losses in case of certain companies. Clause 32 of the Bill seeks to substitute section 79 of the Income-tax Act relating to carry forward and set off of losses i....
Clause 33	:	Amendment of section 80CCD. Clause 33 of the Bill seeks to amend section 80CCD of the Income-tax Act relating to deduction in respect of contribution to....
Clause 34	:	Amendment of section 80CCG. Clause 34 of the Bill seeks to amend section 80CCG of the Income-tax Act relating to deduction in respect of investment made....
Clause 35	:	Amendment of section 80G. Clause 35 of the Bill seeks to amend section 80G of the Income-tax Act relating to deduction in respect of donations to cert....
Clause 36	:	Amendment of section 80-IAC. Clause 36 of the Bill seeks to amend section 80-IAC of the Income-tax Act relating to special provision in respect of specif....
Clause 37	:	Amendment of section 80-IBA. Clause 37 of the Bill seeks to amend section 80-IBA of the Income-tax Act relating to deductions in respect of profits and g....
Clause 38	:	Amendment of section 87A. Clause 38 of the Bill seeks to amend section 87A of the Income-tax Act relating to rebate of income-tax in case of certain i....
Clause 39	:	Amendment of section 90. Clause 39 of the Bill seeks to amend section 90 of the Income-tax Act relating to agreement with foreign countries or specif....
Clause 40	:	Amendment of section 90A. Clause 40 of the Bill seeks to amend section 90A of the Income-tax Act relating to adoption by Central Government of agreeme....
Clause 41	:	Amendment of section 92BA. Clause 41 of the Bill seeks to amend section 92BA of the Income-tax Act relating to meaning of specified domestic transactio....
Clause 42	:	Insertion of new section 92CE. - Secondary adjustment in certain cases. Clause 42 of the Bill seeks to insert a new section 92CE in the Income-tax Act relating to secondary adjustments in certain ....
Clause 43	:	Insertion of new section 94B- Limitation on interest deduction in certain cases. Clause 43 of the Bill seeks to insert a new section 94B in the Income-tax Act relating to limitation on interest deduction i....
Clause 44	:	Amendment of section 115BBDA. Clause 44 of the Bill seeks to amend section 115BBDA of the Income-tax Act relating to tax on certain dividends received fro....
Clause 45	:	Insertion of new section 115BBG- Tax on income from transfer of carbon credits. Clause 45 of the Bill seeks to insert a new section 115BBG in the Income-tax Act relating to tax on income from transfer of ....
Clause 46	:	Amendment of section 115JAA. Clause 46 of the Bill seeks to amend section 115JAA of the Income-tax Act relating to tax credit in respect of tax paid on d....
Clause 47	:	Amendment of section 115JB. Clause 47 of the Bill seeks to amend section 115JB of the Income-tax Act relating to special provision for payment of tax by....
Clause 48	:	Amendment of section 115JD. Clause 48 of the Bill seeks to amend section 115JD of the Income-tax Act relating to tax credit for alternate minimum tax. S....
Clause 49	:	Amendment of section 119. Clause 49 of the Bill seeks to amend section 119 of the Income-tax Act relating to instructions to subordinate authorities. ....
Clause 50	:	Amendment of section 132. Clause 50 of the Bill seeks to amend section 132 of the Income-tax Act relating to search and seizure. Sub-section (1) of th....
Clause 51	:	Amendment of section 132A. Clause 51 of the Bill seeks to amend section 132A of the Income-tax Act relating to powers to requisition books of account, ....
Clause 52	:	Amendment of section 133. Clause 52 of the Bill seeks to amend section 133 of the Income-tax Act relating to power to call for information. The said s....
Clause 53	:	Amendment of section 133A. Clause 53 of the Bill seeks to amend section 133A of the Income-tax Act relating to power of survey. The said section empowe....
Clause 54	:	Amendment of section 133C. Clause 54 of the Bill seeks to amend section 133C of the Income-tax Act relating to power to call for information by prescri....
Clause 55	:	Amendment of section 139. Clause 55 of the Bill seeks to amend section 139 of the Income-tax Act relating to return of income. Sub-section (4C) of the....
Clause 56	:	Amendment of section 140A. Clause 56 of the Bill seeks to amend section 140A of the Income-tax Act relating to self-assessment. The said section provid....
Clause 57	:	Amendment of section 143. Clause 57 of the Bill seeks to amend section 143 of the Income-tax Act relating to assessment. Sub-section (1) of the said s....
Clause 58	:	Amendment of section 153. Clause 58 of the Bill seeks to amend section 153 of the Income-tax Act relating to time-limit for completion of assessment, ....
Clause 59	:	Amendment of section 153A. Clause 59 of the Bill seeks to amend section 153A of the Income-tax Act, 1961 relating to assessment in case of search or re....
Clause 60	:	Amendment of section 153B. Clause 60 of the Bill seeks to amend section 153B of the Income-tax Act, 1961 relating to time-limit for completion of asses....
Clause 61	:	Amendment of section 153C. Clause 61 of the Bill seeks to amend section 153C of the Income-tax Act, 1961 relating to assessment of income of any other ....
Clause 62	:	Amendment of section 155. Clause 62 of the Bill seeks to amend section 155 of the Income-tax Act relating to other amendments. It is proposed to inser....
Clause 63	:	Insertion of new section 194-IB- Payment of rent by certain individuals or Hindu undivided family. Clause 63 of the Bill seeks to insert a new section 194-IB of the Income-tax Act relating to payment of rent by certain indi....
Clause 64	:	Insertion of new section 194-IC. - Payment under specified agreement. Clause 64 of the Bill seeks to insert a new section 194-IC in the Income-tax Act relating to deductions in respect of paymen....
Clause 65	:	Amendment of section 194J. Clause 65 of the Bill seeks to amend section 194J of the Income-tax Act which provides for deduction of tax at source on fee....
Clause 66	:	Amendment of section 194LA. Clause 66 of the Bill seeks to amend section 194LA of the Income-tax Act relating to payment of compensation on acquisition ....
Clause 67	:	Amendment of section 194LC. Clause 67 of the Bill seeks to amend section 194LC of the Income-tax Act relating to income by way of interest from Indian c....
Clause 68	:	Amendment of section 194LD. Clause 68 of the Bill seeks to amend section 194LD of the Income-tax Act relating to income by way of interest on certain bo....
Clause 69	:	Amendment of section 197A. Clause 69 of the Bill seeks to amend section 197A of the Income-tax Act relating to no deduction to be made in certain cases....
Clause 70	:	Amendment of section 204. Clause 70 of the Bill seeks to amend section 204 of the Income-tax Act relating to meaning of person responsible for paying ....
Clause 71	:	Amendment of section 206C. Clause 71 of the Bill seeks to amend section 206C of the Income-tax Act relating to profits and gains from the business of t....
Clause 72	:	Insertion of new section 206CC- Requirement to furnish Permanent Account Number by collectee. Clause 72 of the Bill seeks to insert a new section 206CC after section 206CB of the Income-tax Act relating to requirement ....
Clause 73	:	Amendment of section 211. Clause 73 of the Bill seeks to amend section 211 of the Income-tax Act relating to instalments of advance tax and due dates.....
Clause 74	:	Amendment of section 234C. Clause 74 of the Bill seeks to amend section 234C of the Income-tax Act relating to interest for deferment of advance tax. I....
Clause 75	:	Insertion of new section 234F- Fee for default in furnishing return of income. Clause 75 of the Bill seeks to insert section 234F of the Income-tax Act relating to fee for default in furnishing return of....
Clause 76	:	Insertion of new section 241A- Withholding of refund in certain cases. Clause 76 of the Bill seeks to insert a new section 241A in the Income-tax Act relating to withholding of refund in certain ....
Clause 77	:	Amendment of section 244A. Clause 77 of the Bill seeks to amend section 244A of the Income-tax Act relating to interest on refunds. The said section pr....
Clause 78	:	Amendment of section 245A. Clause 78 of the Bill seeks to amend section 245A of the Income-tax Act relating to definitions for the purposes of Chapter ....
Clause 79	:	Amendment of section 245N. Clause 79 of the Bill seeks to amend section 245N of the Income-tax Act relating to the definitions under Chapter XIXB relat....
Clause 80	:	Amendment of section 245-O. Clause 80 of the Bill seeks to amend section 245-O of the Income-tax Act relating to the Authority for Advance Rulings. Clau....
Clause 81	:	Amendment of section 245Q. Clause 81 of the Bill seeks to amend section 245Q of the Income-tax Act relating to the application for advance ruling. Sub-....
Clause 82	:	Amendment of section 253. Clause 82 of the Bill seeks to amend section 253 of the Income-tax Act relating to Appeals to the Appellate Tribunal. Sub-cl....
Clause 83	:	Insertion of new section 269ST- Mode of undertaking transactions. Clause 83 of the Bill seeks to insert a new section 269ST in the Income-tax Act relating to mode of undertaking transactions....
Clause 84	:	Insertion of new section 271DA - Penalty for failiure to comply with provisions of section 269ST. Clause 84 of the Bill seeks to insert a new section 271DA of the Income-tax Act relating to penalty for failure to comply wi....
Clause 85	:	Amendment of section 271F. Clause 85 of the Bill seeks to amend section 271F of the Income-tax Act relating to penalty for failure to furnish return of....
Clause 86	:	Insertion of new section 271J- Penalty for furnishing incorrect information in reports or certificates. Clause 86 of the Bill seeks to insert a new section 271J in the Income-tax Act relating to penalty for furnishing incorrect ....
Clause 87	:	Amendment of section 273B. Clause 87 of the Bill seeks to amend section 273B in the Income-tax Act relating to penalty not to be imposed in certain cas....
Chapter: IV
INDIRECT TAXES
Customs
Clause 88	:	Amendment of section 2. Clause 88 of the Bill seeks to amend section 2 of the Customs Act. It is proposed to amend clauses (13), (16), (20) and (26)....
Clause 89	:	Amendment of section 7. Clause 89 of the Bill seeks to amend section 7 of the Customs Act so as to insert new clauses (e) and (f) in subsection (1) ....
Clause 90	:	Amendment of section 17. Clause 90 of the Bill seeks to amend section 17 of the Customs Act so as to substitute sub-section (3) thereof to simplify t....
Clause 91	:	Amendment of section 27. Clause 91 of the Bill seeks to amend section 27 of the Customs Act so as to insert a new clause (g) therein to exclude certa....
Clause 92	:	Amendment of section 28E. Clause 92 of the Bill seeks to amend section 28E of the Customs Act, so as to substitute the definition of Authority in clau....
Clause 93	:	Substitution of new section for section 28F- Authority for Advance Rulings. Clause 93 of the Bill seeks to substitute section 28F of the Customs Act so as to provide that the Authority for Advance Rul....
Clause 94	:	Omission of section 28G. Clause 94 of the Bill seeks to omit section 28G of the Customs Act. ....
Clause 95	:	Amendment of section 28H. Clause 95 of the Bill seeks to amend section 28H of the Customs Act so as to enhance the application fee to rupees ten thous....
Clause 96	:	Amendment of section 28-I. Clause 96 of the Bill seeks to amend section 28-I of the Customs Act so as to extend the time-limit to six months for the Au....
Clause 97	:	Insertion of new section 30A-Passenger and crew arrival manifest and passenger name record information. Clause 97 of the Bill seeks to insert a new section 30A in the Customs Act so as to make it obligatory on the personin- char....
Clause 98	:	Insertion of new section 41A-Passenger and crew departure manifest and passenger name record information. Clause 98 of the Bill seeks to insert a new section 41A in the Customs Act so as to make it obligatory on the personin- char....
Clause 99	:	Amendment of section 46. Clause 99 of the Bill seeks to amend section 46 of the Customs Act so as to provide that the bill of entry for imported good....
Clause 100	:	Amendment of section 47. Clause 100 of the Bill seeks to amend section 47 of the Customs Act so as to provide the manner of payment of interest in th....
Clause 101	:	Substitution of new section for section 49- Storage of imported goods in warehouse pending clearance or removal. Clause 101 of the Bill seeks to substitute section 49 of the Customs Act so as to provide for storage of imported goods in a....
Clause 102	:	Amendment of section 69. Clause 102 of the Bill seeks to substitute clause (a) of sub-section (1) of section 69 of the Customs Act so as to substitut....
Clause 103	:	Omission of section 82. Clause 103 of the Bill seeks to omit section 82 of the Customs Act. ....
Clause 104	:	Amendment of section 84. Clause 104 of the Bill seeks to substitute clause (a) of section 84 of the Customs Act so as to provide for the form and man....
Clause 105	:	Amendment of section 127B. Clause 105 of the Bill seeks to amend section 127B of the Customs Act so as to insert a new sub-section (5) therein to enabl....
Clause 106	:	Amendment of section 127C. Clause 106 of the Bill seeks to amend sub-section (3) of section 127C of the Customs Act, so as to substitute certain words ....
Clause 107	:	Amendment of section 157. Clause 107 of the Bill seeks to amend section 157 of the Customs Act so as to empower the Board to make regulations for pres....
Customs Tariff
Clause 108	:	Amendment of section 9. Clause 108 of the Bill seeks to amend clause (c) of sub-section (3) of section 9 of the Customs Tariff Act so as to withdraw....
Clause 109	:	Amendment of First Schedule. Clause 109 of the Bill seeks to amend the First Schedule to the Customs Tariff Act, (i) in the manner specified in the Secon....
Clause 110	:	Amendment of Second Schedule. Clause 110 of the Bill seeks to amend the Second Schedule to the Customs Tariff Act in the manner specified in the Fourth Sc....
Excise
Clause 111	:	Amendment of section 23A. Clause 111 of the Bill seeks to amend section 23A of the Central Excise Act so as to substitute the definition of Authority ....
Clause 112	:	Omission of section 23B. Clause 112 of the Bill seeks to omit section 23B of the Central Excise Act. ....
Clause 113	:	Amendment of section 23C. Clause 113 of the Bill seeks to amend sub-section (3) of section 23C of the Central Excise Act so as to enhance the applicat....
Clause 114	:	Amendment of section 23D. Clause 114 of the Bill seeks to amend sub-section (6) of section 23D of the Central Excise Act so as to extend the time-limi....
Clause 115	:	Insertion of new section 23-I- Transitional provision. Clause 115 of the Bill seeks to insert a new section 23-I in the Central Excise Act so as to provide for transferring the pe....
Clause 116	:	Amendment of section 32E. Clause 116 of the Bill seeks to amend section 32E of the Central Excise Act so as to insert a new sub-section (5) therein, t....
Clause 117	:	Amendment of section 32F. Clause 117 of the Bill seeks to amend sub-section (3) of section 32F of the Central Excise Act so as to substitute certain w....
Central Excise Tariff
Clause 118	:	Amendment of First Schedule. Clause 118 of the Bill seeks to amend the First Schedule to the Central Excise Tariff Act in the manner specified in the Fif....
Clause 119	:	Retrospective amendment of certain entries in First Schedule. Clause 119 of the Bill seeks to amend the First Schedule to the Central Excise Tariff Act so as to substitute excise duty on....
Chapter: V
SERVICE TAX
Clause 120	:	Amendment of section 65B. Clause 120 of the Bill seeks to amend section 65B of the 1994 Act so as to omit clause (40) thereof. ....
Clause 121	:	Amendment of section 66D. Clause 121 of the Bill seeks to amend section 66D of the 1994 Act so as to omit clause (f) thereof. ....
Clause 122	:	Amendment of section 96A. Clause 122 of the Bill seeks to amend section 96A of the 1994 Act so as to substitute the definition of Authority in clause ....
Clause 123	:	Omission of section 96B. Clause 123 of the Bill seeks to omit section 96B of the 1994 Act. ....
Clause 124	:	Amendment of section 96C. Clause 124 of the Bill seeks to amend sub-section (3) of section 96C of the 1994 Act so as to enhance the application fee to....
Clause 125	:	Amendment of section 96D. Clause 125 of the Bill seeks to amend sub-section (6) of section 96D of the 1994 Act so as to extend the time-limit to six m....
Clause 126	:	Insertion of new section 96HA - Transitional provision. Clause 126 of the Bill seeks to insert a new section 96HA in the 1994 Act so as to provide for transferring the pending appl....
Clause 127	:	Insertion of new sections 104 and 105- Special provision for exemption in certain cases relating to long term lease of industrial plots-Special provision for exemption in certain cases relating to life insurance services provided to members of armed forces of Union Clause 127 of the Bill seeks to insert new sections 104 and 105 in the 1994 Act so as to (a) exempt service tax leviable on ....
Clause 128	:	Amendment of rule 2A of Service Tax (Determination of Value) Rules, 2006, retrospectively. Clause 128 of the Bill seeks to retrospectively amend rule 2A of the Service Tax (Determination of Value) Rules, 2006 in the....
Chapter: VI
MISCELLANEOUS
Part: I
AMENDMENTS TO THE INDIAN TRUSTS ACT, 1882
Clause 129	:	Commencement of this Part. Clauses 129 and 130 seek to amend section 20 of the Indian Trusts Act, 1882 [as substituted by section 2 of the Indian Trust....
Clause 130	:	Amendment of section 20 of Act 2 of 1882.
Part: II
AMENDMENTS TO THE INDIAN POST OFFICE ACT, 1898
Clause 131	:	Commencement of this Part. Clauses 131 and 132 of the Bill seek to amend section 7 of the Indian Post Office Act, 1898 relating to power to fix rates o....
Clause 132	:	Amendment of section 7 of Act 6 of 1898.
Part: III
AMENDMENTS TO THE RESERVE BANK OF INDIA ACT, 1934
Clause 133	:	Commencement of this Part. Clauses 133 and 134 of the Bill seek to amend section 31 of the Reserve Bank of India Act, 1934 relating to issue of demand ....
Clause 134	:	Amendment to section 31 of Act 2 of 1934.
Part: IV
AMENDMENTS TO THE REPRESENTATION OF THE PEOPLE ACT, 1951
Clause 135	:	Commencement of this Part. Clauses 135 and 136 of the Bill seek to amend section 29C of the Representation of the People Act, 1951 relating to declarat....
Clause 136	:	Amendment of section 29C of Act
Part: V
AMENDMENTS TO THE OIL INDUSTRY (DEVELOPMENT) ACT, 1974
Clause 137	:	Commencement of this Part. Clauses 137 and 138 of the Bill seek to amend section 18 of the Oil Industry (Development) Act, 1974 relating to Oil Industr....
Clause 138	:	Amendment of section 18 of Act 47 of 1974.
Part: VI
REPEAL OF THE RESEARCH AND DEVELOPMENT CESS ACT, 1986
Clause 139	:	Commencement of this Part. Clauses 139 to 142 of the Bill seek to repeal the Research and Development Cess Act, 1986. The Research and Development Cess....
Clause 140	:	Repeal of Act
Clause 141	:	Savings.
Clause 142	:	Collection and payment of arrears of duties.
Part: VII
AMENDMENTS TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992
Clause 143	:	Commencement of this Part. Clauses 143 to 145 of the Bill seek to amend certain provisions of the Securities and Exchange Board of India Act, 1992. It ....
Clause 144	:	Amendment of Act 15 of 1992.
Clause 145	:	Amendment of Chapter VIB- Establishment of Securities Appellate Tribunal-Composition of Securities Appellate Tribunal-Qualifications for appointment as Presiding Officer, Judicial Member and Technical Member-Appointment of Presiding Officer and Judicial Members-Search-cum- Selection Committee for appointment of Technical Members.-Vacancy not to invalidate selection proceeding-Tenure of office of Presiding Officer, Judicial or Technical Members of Securities Appellate Tribunal.-Member to act as Presiding Officer in certain circumstances.
Part: VIII
AMENDMENT TO THE FINANCE ACT, 2005
Clause 146	:	Amendment of Act 18 of 2005. Clause 146 of the Bill seeks to amend the Seventh Schedule to the Finance Act, 2005 so as to revise the rates of certain tar....
Part: IX
AMENDMENTS TO THE PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
Clause 147	:	Commencement of this Part. Clauses 147 to 149 of the Bill seek to amend certain provisions of the Payment and Settlement Systems Act, 2007 (hereinafter....
Clause 148	:	Amendment of Act 51 of 2007-Designated authority.
Clause 149	:	Amendment of section 38.
Part: X
AMENDMENTS TO THE FINANCE ACT, 2016
Clause 150	:	Amendment of Act 28 of 2016. Clause 150 of the Bill seeks to amend the Finance Act, 2016. Section 50 of the said Act amended sub-clause (iii) of clause (....
SCHEDULES
SCHEDULE 01	:	THE FIRST SCHEDULE (See section 2)
SCHEDULE 02	:	THE SECOND SCHEDULE [See section 109(a)]
SCHEDULE 03	:	THE THIRD SCHEDULE [See section 109(b)]
SCHEDULE 04	:	THE FOURTH SCHEDULE (See section 110)
SCHEDULE 05	:	THE FIFTH SCHEDULE (See section 118)
SCHEDULE 06	:	THE SIXTH SCHEDULE (See section 128)
SCHEDULE 07	:	THE SEVENTH SCHEDULE (See section 146)
Notes on clauses
Notes-01	:	Notes on clauses-Income Tax
Notes-02	:	Notes on clauses-Customs
Notes-03	:	Notes on clauses-Customs Tariff
Notes-04	:	Notes on clauses-Excise
Notes-05	:	Notes on clauses-Central Excise Tariff
Notes-06	:	Notes on clauses-Service Tax
Notes-07	:	Notes on clauses-Miscellaneous
MEMORANDUM REGARDING DELEGATED LEGISLATION
MEMO	:	MEMORANDUM REGARDING DELEGATED LEGISLATION
Memorandum Explaining the Provisions in The Finance Bill, 2017
-	:	SERVICE TAX
-	:	EXCISE
-	:	CUSTOMS
A	:	RATES OF INCOME-TAX - DIRECT TAXES
B.	:	ADDITIONAL RESOURCE MOBILISATION - DIRECT TAXES
C.	:	MEASURES FOR PROMOTING AFFORDABLE HOUSING AND REAL ESTATE SECTOR - DIRECT TAXES
D.	:	MEASURES FOR STIMULATING GROWTH - DIRECT TAXES
E.	:	PROMOTING DIGITAL ECONOMY - DIRECT TAXES
F.	:	TRANSPARENCY IN ELECTORAL FUNDING - DIRECT TAXES
G.	:	EASE OF DOING BUSINESS - DIRECT TAXES
H.	:	ANTI-ABUSE MEASURES - DIRECT TAXES
I.	:	RATIONALISATION MEASURES - DIRECT TAXES
J.	:	BENEFIT FOR NPS SUBSCRIBERS - DIRECT TAXES