Finance Act, 2017

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 10AA.
Section 8	:	Amendment of section 11.
Section 9	:	Amendment of section 12A.
Section 10	:	Amendment of section 12AA.
Section 11	:	Amendment of section 13A.
Section 12	:	Amendment of section 23.
Section 13	:	Amendment of section 35AD.
Section 14	:	Amendment of section 36.
Section 15	:	Amendment of section 40A.
Section 16	:	Amendment of section 43.
Section 17	:	Amendment of section 43B.
Section 18	:	Amendment of section 43D.
Section 19	:	Amendment of section 44AA.
Section 20	:	Amendment of section 44AB.
Section 21	:	Amendment of section 44AD.
Section 22	:	Amendment of section 45.
Section 23	:	Amendment of section 47.
Section 24	:	Amendment of section 48.
Section 25	:	Amendment of section 49.
Section 26	:	Insertion of new section 50CA.
Section 27	:	Amendment of section 54EC.
Section 28	:	Amendment of section 55.
Section 29	:	Amendment of section 56
Section 30	:	Amendment of section 58.
Section 31	:	Amendment of section 71.
Section 32	:	Substitution of new section for section 79.
Section 33	:	Amendment of section 80CCD.
Section 34	:	Amendment of section 80CCG.
Section 35	:	Amendment of section 80G.
Section 36	:	Amendment of section 80-IAC.
Section 37	:	Amendment of section 80-IBA.
Section 38	:	Amendment of section 87A.
Section 39	:	Amendment of section 90.
Section 40	:	Amendment of section 90A.
Section 41	:	Amendment of section 92BA.
Section 42	:	Insertion of new section 92CE.
Section 43	:	Insertion of new section 94B.
Section 44	:	Amendment of Section 115BBDA.
Section 45	:	Insertion of new section 115 BBG.
Section 46	:	Amendment of section 115JAA.
Section 47	:	Amendment of section 115JB.
Section 48	:	Amendment of section 115JD.
Section 49	:	Amendment of section 119.
Section 50	:	Amendment of section 132.
Section 51	:	Amendment of section 132A.
Section 52	:	Amendment of section 133.
Section 53	:	Amendment of section 133A.
Section 54	:	Amendment of section 133C.
Section 55	:	Amendment of section 139.
Section 56	:	Insertion of new section 139AA.
Section 57	:	Amendment of section 140A
Section 58	:	Amendment of section 143
Section 59	:	Amendment of section 153.
Section 60	:	Amendment of section 153A.
Section 61	:	Amendment of section 153B.
Section 62	:	Amendment of section 153C.
Section 63	:	Amendment of section 155.
Section 64	:	Insertion of new section 194-IB.
Section 65	:	Insertion of new section194-IC.
Section 66	:	Amendment of section 194J.
Section 67	:	Amendment of section 194LA.
Section 68	:	Amendment of section 194LC.
Section 69	:	Amendment of section 194LD.
Section 70	:	Amendment of section 197A.
Section 71	:	Amendment of section 204.
Section 72	:	Amendment of section 206C.
Section 73	:	Insertion of new section 206CC.
Section 74	:	Amendment of section 211.
Section 75	:	Amendment of section 234C.
Section 76	:	Insertion of new section 234F.
Section 77	:	Insertion of new section 241A.
Section 78	:	Amendment of section 244A.
Section 79	:	Amendment of section 245A.
Section 80	:	Amendment of section 245N
Section 81	:	Amendment of section 245-O.
Section 82	:	Amendment of section 245Q.
Section 83	:	Amendment of section 253.
Section 84	:	Insertion of new section 269ST.
Section 85	:	Insertion of new section 271DA.
Section 86	:	Amendment of section 271F.
Section 87	:	Insertion of new section 271J.
Section 88	:	Amendment of section 273B.
Chapter: IV
INDIRECT TAXES
Customs
Section 89	:	Amendment of section 2.
Section 90	:	Amendment of section 7.
Section 91	:	Amendment of section 17.
Section 92	:	Amendment of section 27.
Section 93	:	Amendment of section 28E.
Section 94	:	Substitution of new section for section 28F.
Section 95	:	Omission of section 28G.
Section 96	:	Amendment of section 28H.
Section 97	:	Amendment of section 28-I.
Section 98	:	Insertion of new section 30A.
Section 99	:	Insertion of new section 41A.
Section 100	:	Amendment of section 46.
Section 101	:	Amendment of section 47.
Section 102	:	Substitution of new section for section 49.
Section 103	:	Amendment of section 69.
Section 104	:	Omission of section 82.
Section 105	:	Amendment of section 84.
Section 106	:	Amendment of section 127B.
Section 107	:	Amendment of section 127C.
Section 108	:	Amendment of section 157.
Customs Tariff
Section 109	:	Amendment of section 9.
Section 110	:	Amendment of First Schedule.
Section 111	:	Amendment of Second Schedule
Excise
Section 112	:	Amendment of section 23A.
Section 113	:	Omission of section 23B.
Section 114	:	Amendment of section 23C.
Section 115	:	Amendment of section 23D.
Section 116	:	Insertion of new section 23-I
Section 117	:	Amendment of section 32E.
Section 118	:	Amendment of section 32F.
Central Excise Tariff
Section 119	:	Amendment of First Schedule.
Section 120	:	Retrospective amendment of certain entries in First Schedule.
Chapter: V
SERVICE TAX
Section 121	:	Amendment of section 65B.
Section 122	:	Amendment of section 66D.
Section 123	:	Amendment of section 96A
Section 124	:	Omission of section 96B.
Section 125	:	Amendment of section 96C.
Section 126	:	Amendment of section 96D.
Section 127	:	Insertion of new section 96HA.
Section 128	:	Insertion of new sections 104 and 105.
Section 129	:	Amendment of rule 2A of Service Tax (Determination of Value) Rules, 2006, retrospectively.
Chapter: VI
MISCELLANEOUS
Part: I
AMENDMENTS TO THE INDIAN TRUSTS ACT, 1882
Section 130	:	Commencement of this Part.
Section 131	:	Amendment of section 20 of Act, 2 of 1882.
Part: II
AMENDMENTS TO THE INDIAN POST OFFICE ACT, 1898
Section 132	:	Commencement of this Part.
Section 133	:	Amendment of section 7 of Act 6 of 1898.
Part: III
AMENDMENTS TO THE RESERVE BANK OF INDIA ACT, 1934
Section 134	:	Commencement of this Part.
Section 135	:	Amendment of section 31 of Act 2 of 1934.
Part: IV
AMENDMENTS TO THE REPRESENTATION OF THE PEOPLE ACT, 1951
Section 136	:	Commencement of this Part.
Section 137	:	Amendment of section 29C of Act 43 of 1951.
Part: V
AMENDMENT TO THE SECURITIES CONTRACT (REGULATION) ACT, 1956
Section 138	:	Amendment of section 23J.
Part: VI
AMENDMENTS TO THE OIL INDUSTRY (DEVELOPMENT) ACT, 1974
Section 139	:	Commencement of this Part.
Section 140	:	Amendment of section 18 of Act 47 of 1974.
Part: VII
REPEAL OF THE RESEARCH AND DEVELOPMENT CESS ACT, 1986
Section 141	:	Repeal of Act 32 of 1986.
Section 142	:	Repeal of Act 32 of 1986.
Section 143	:	Savings.
Section 144	:	Collection and payment of arrears of duties.
Part: VIII
AMENDMENTS TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992
Section 145	:	Commencement of this Part.
Section 146	:	Amendment of Act 15 of 1992.
Section 147	:	Amendment of section 15J.
Section 148	:	Amendment of Chapter VI-B.
Part: IX
AMENDMENTS TO THE DEPOSITORIES ACT, 1966
Section 149	:	Amendment of section 19-I.
Part: X
AMENDMENT TO THE FINANCE ACT, 2005
Section 150	:	Amendment of Act 18 of 2005.
Part: XI
AMENDMENTS TO THE PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
Section 151	:	Commencement of this Part.
Section 152	:	Amendment of Act 51 of 2007.
Section 153	:	Amendment of section 38.
Part: XII
AMENDMENTS TO THE COMPANIES ACT, 2013
Section 154	:	Amendment of section 182.
Part: XIII
AMENDMENTS TO THE FINANCE ACT, 2016
Section 155	:	Amendment of Act 28 of 2016.
Part: XIV
AMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC.
Section 156	:	Commencement of this Part. - AMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC.
Section 157	:	Definitions
Section 158	:	Amendment of Act 14 of 1947 - THE INDUSTRIAL DISPUTES ACT, 1947
Section 159	:	Amendment of Act 19 of 1952. - THE EMPLOYEES' PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952
Section 160	:	Amendment of Act 14 of 1957. - THE COPYRIGHT ACT, 1957 AND THE TRADE MARKS ACT, 1999.
Section 161	:	Amendment of Act 47 of 1999. - THE TRADE MARKS ACT, 1999.
Section 162	:	Amendment of Act 54 of 1987. - THE RAILWAY CLAIMS TRIBUNAL ACT, 1987
Section 163	:	Amendment of Act 24 of 1989. - THE RAILWAYS ACT, 1989.
Section 164	:	Amendment of Act 13 of 1976 - THE SMUGGLERS AND FOREIGN EXCHANGE MANIPULATORS (FORFEITURE OF PROPERTY) ACT, 1976
Section 165	:	Amendment of Act 42 of 1999. - THE FOREIGN EXCHANGE MANAGEMENT ACT, 1999.
Section 166	:	Amendment of Act 55 of 1994. - THE AIRPORTS AUTHORITY OF INDIA ACT, 1994
Section 167	:	Amendment of Act 13 of 2003. - THE CONTROL OF NATIONAL HIGHWAYS (LAND AND TRAFFIC) ACT, 2002.
Section 168	:	Amendment of Act 24 of 1997. - THE TELECOM REGULATORY AUTHORITY OF INDIA ACT, 1997
Section 169	:	Amendment of Act 21 of 2000. - THE INFORMATION TECHNOLOGY ACT, 2000
Section 170	:	Amendment of Act 27 of 2008. - THE AIRPORTS ECONOMIC REGULATORY AUTHORITY OF INDIA ACT, 2008.
Section 171	:	Amendment of Act 12 of 2003. - THE COMPETITION ACT, 2002
Section 172	:	Amendment of Act 18 of 2013. - THE COMPANIES ACT, 2013.
Section 173	:	Amendment of Act 37 of 1952. - THE CINEMATOGRAPH ACT, 1952
Section 174	:	Amendment of Act 43 of 1961. - THE INCOME- TAX ACT, 1961
Section 175	:	Amendment of Act 52 of 1962. - THE CUSTOMS ACT, 1962
Section 176	:	Amendment of Act 13 of 1985. - THE ADMINISTRATIVE TRIBUNALS ACT, 1985
Section 177	:	Amendment of Act 68 of 1986. - THE CONSUMER PROTECTION ACT, 1986
Section 178	:	Amendment of Act 15 of 1992. - THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992
Section 179	:	Amendment of Act 51 of 1993. - THE RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993
Section 180	:	Amendment of Act 36 of 2003. - THE ELECTRICITY ACT, 2003
Section 181	:	Amendment of Act 55 of 2007. - THE ARMED FORCES TRIBUNAL ACT, 2007
Section 182	:	Amendment of Act 19 of 2010. - THE NATIONAL GREEN TRIBUNAL ACT, 2010
Section 183	:	Application of section 184. - CONDITIONS OF SERVICE OF CHAIRPERSON AND MEMBERS OF TRIBUNALS, APPELLATE TRIBUNALS AND OTHER AUTHORITIES
Section 184	:	Qualifications, appointment, etc., of Chairperson and Members of Tribunal
Section 185	:	Transitional provisions.
Section 186	:	General Power to make rules.
Section 187	:	Power to amend Eighth Schedule.
Section 188	:	Rules to be laid before Parliament.
Section 189	:	Removal of difficulties.
SCHEDULES
SCHEDULE 01	:	THE FIRST SCHEDULE (See section 2)
SCHEDULE 02	:	THE SECOND SCHEDULE [See section 110(a)]
SCHEDULE 03	:	THE THIRD SCHEDULE [See section 110(b)]
SCHEDULE 04	:	THE FOURTH SCHEDULE (See section 111)
SCHEDULE 05	:	THE FIFTH SCHEDULE (See section 119)
SCHEDULE 06	:	THE SIXTH SCHEDULE (See section 129)
SCHEDULE 07	:	THE SEVENTH SCHEDULE (See section 150)
SCHEDULE 08	:	THE EIGHTH SCHEDULE [See sections 183 and 184]
SCHEDULE 09	:	THE NINTH SCHEDULE [See section 180]