Finance (No. 2) Act, 2019

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 12AA.
Section 8	:	Amendment of section 13A.
Section 9	:	Amendment of section 35AD.
Section 10	:	Amendment of section 40.
Section 11	:	Amendment of section 40A.
Section 12	:	Amendment of section 43.
Section 13	:	Amendment of section 43B.
Section 14	:	Amendment of section 43CA.
Section 15	:	Amendment of section 43D.
Section 16	:	Amendment of section 44AD.
Section 17	:	Amendment of section 47.
Section 18	:	Amendment of section 50C.
Section 19	:	Amendment of section 50CA.
Section 20	:	Amendment of section 54GB.
Section 21	:	Amendment of section 56.
Section 22	:	Substitution of section 79.
Section 23	:	Amendment of section 80C.
Section 24	:	Amendment of section 80CCD.
Section 25	:	Insertion of new sections 80EEA and 80EEB.
Section 26	:	Amendment of section 80-IBA.
Section 27	:	Amendment of section 80JJAA.
Section 28	:	Amendment of section 80LA.
Section 29	:	Amendment of section 92CD.
Section 30	:	Amendment of section 92CE.
Section 31	:	Substitution of section 92D.
Section 32	:	Amendment of section 111A.
Section 33	:	Amendment of section 115A.
Section 34	:	Amendment of section 115JB.
Section 35	:	Amendment of section 115-O.
Section 36	:	Amendment of section 115QA.
Section 37	:	Amendment of section 115R.
Section 38	:	Amendment of section 115UB.
Section 39	:	Amendment of section 139.
Section 40	:	Amendment of section 139A.
Section 41	:	Amendment of section 139AA.
Section 42	:	Amendment of section 140A.
Section 43	:	Amendment of section 143.
Section 44	:	Amendment of section 194DA.
Section 45	:	Amendment of section 194-IA.
Section 46	:	Insertion of new sections 194M and 194N.
Section 47	:	Amendment of section 195.
Section 48	:	Amendment of section 197.
Section 49	:	Amendment of section 198.
Section 50	:	Amendment of section 201.
Section 51	:	Substitution of section 206A.
Section 52	:	Amendment of section 228A.
Section 53	:	Amendment of section 234A.
Section 54	:	Amendment of section 234B.
Section 55	:	Amendment of section 234C.
Section 56	:	Amendment of section 239.
Section 57	:	Amendment of section 246A.
Section 58	:	Amendment of section 269SS.
Section 59	:	Amendment of section 269ST.
Section 60	:	Insertion of new section 269SU.
Section 61	:	Amendment of section 269T.
Section 62	:	Amendment of section 270A.
Section 63	:	Insertion of new section 271DB.
Section 64	:	Amendment of section 271FAA.
Section 65	:	Amendment of section 272B.
Section 66	:	Amendment of section 276CC.
Section 67	:	Amendment of section 285BA.
Section 68	:	Amendment of section 286.
Section 69	:	Amendment of rule 68B of Second Schedule.
Chapter: IV
INDIRECT TAXES
Customs
Section 70	:	Amendment of section 41.
Section 71	:	Insertion of New Chapter XIIB.
Section 72	:	Amendment of section 103.
Section 73	:	Amendment of section 104.
Section 74	:	Amendment of section 110.
Section 75	:	Amendment of section 110A.
Section 76	:	Insertion of new section 114AB.
Section 77	:	Amendment of section 117.
Section 78	:	Amendment of section 125.
Section 79	:	Amendment of section 135.
Section 80	:	Amendment of section 149.
Section 81	:	Amendment of section 157.
Section 82	:	Amendment of section 158.
Section 83	:	Amendment of notifications issued under sub-section (1) of section 25 of Customs Act, retrospectively.
Section 84	:	Amendment of notification issued under sub-section (1) of section 25 of Customs Act and subsection (12) of section 3 of Customs Tariff Act, retrospectively.
Section 85	:	Retrospective effect of notification issued under sub-section (1) of section 25 of Customs Act and sub-section (12) of section 3 of Customs Tariff Act.
Customs Tariff
Section 86	:	Amendment of section 9.
Section 87	:	Amendment of section 9C.
Section 88	:	Amendment of First Schedule.
Section 89	:	Validation of modification in classification of certain goods leviable to antidumping duty with retrospective effect.
Section 90	:	Validation of modification in description of goods with retrospective effect.
Central Excise
Section 91	:	Amendment of Fourth Schedule.
Central Goods and Services tax
Section 92	:	Amendment of section 2.
Section 93	:	Amendment of section 10.
Section 94	:	Amendment of section 22.
Section 95	:	Amendment of section 25.
Section 96	:	Insertion of new section 31A.
Section 97	:	Amendment of section 39.
Section 98	:	Amendment of section 44.
Section 99	:	Amendment of section 49.
Section 100	:	Amendment of section 50.
Section 101	:	Amendment of section 52.
Section 102	:	Insertion of new section 53A.
Section 103	:	Amendment of section 54.
Section 104	:	Amendment of section 95.
Section 105	:	Insertion of new sections 101A, 101B and 101C.
Section 106	:	Amendment of section 102.
Section 107	:	Amendment of section 103.
Section 108	:	Amendment of section 104.
Section 109	:	Amendment of section 105.
Section 110	:	Amendment of section 106.
Section 111	:	Amendment of section 168.
Section 112	:	Amendment of section 171.
Section 113	:	Amendment of notification number G.S.R. 674(E) issued under subsection (1) of section 11 of Central Goods and Services Tax Act, retrospectively.
Integrated Goods and Services tax
Section 114	:	Insertion of new section 17A.
Section 115	:	Amendment of notification number G.S.R. 667(E) issued under sub-section (1) of section 6 of Integrated Goods and Services Tax Act, retrospectively.
Union Territory Goods and Services tax
Section 116	:	Amendment of notification number G.S.R. 711(E) issued under subsection (1) of section 8 of Union Territory Goods and Services Tax Act, retrospectively.
Service tax
Section 117	:	Special provision for retrospective exemption from service tax on service by way of grant of liquor licence.
Section 118	:	Special provision for retrospective exemption from service tax in certain cases relating to services provided by Indian Institutes of Management to students.
Section 119	:	Special provision for retrospective exemption from service tax in certain cases relating to long term lease of plots for development of infrastructure for financial business.
Chapter: V
SABKA VISHWAS LEGACY DISPUTE RESOLUTION SCHEME, 2019
Section 120	:	Short title and commencement.
Section 121	:	Definitions.
Section 122	:	Application of Scheme to indirect tax enactments.
Section 123	:	Tax dues.
Section 124	:	Relief available under Scheme.
Section 125	:	Declaration under Scheme.
Section 126	:	Verification of declaration by designated committee.
Section 127	:	Issue of statement by designated committee.
Section 128	:	Rectification of errors.
Section 129	:	Issue of discharge certificate to be conclusive of matter and time period.
Section 130	:	Restrictions of Scheme.
Section 131	:	Removal of doubts.
Section 132	:	Power to make rules.
Section 133	:	Power to issue orders, instructions, etc.
Section 134	:	Removal of difficulties.
Section 135	:	Protection to officers.
Chapter: VI
MISCELLANEOUS
Part: I
AMENDMENTS TO THE RESERVE BANK OF INDIA ACT, 1934
Section 136	:	Commencement of this Part.
Section 137	:	Amendment of section 45-IA.
Section 138	:	Insertion of new sections 45-ID and 45-IE.
Section 139	:	Insertion of new section 45MAA.
Section 140	:	Insertion of new section 45MBA.
Section 141	:	Insertion of new section 45NAA.
Section 142	:	Amendment of section 58B.
Section 143	:	Amendment of section 58G.
Part: II
AMENDMENT TO THE INSURANCE ACT, 1938
Section 144	:	Amendment of Act 4 of 1938.
Part: III
AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956
Section 145	:	Commencement of this Part.
Section 146	:	Amendment of Act 42 of 1956.
Part: IV
AMENDMENTS TO THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970
Section 147	:	Commencement of this Part.
Section 148	:	Amendment of Act 5 of 1970.
Part: V
AMENDMENT TO THE GENERAL INSURANCE BUSINESS (NATIONALISATION) ACT, 1972
Section 149	:	Amendment of Act 57 of 1972.
Part: VI
AMENDMENT TO THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1980
Section 150	:	Commencement of this Part.
Section 151	:	Amendment of Act 40 of 1980.
Part: VII
AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987
Section 152	:	Commencement of this Part.
Section 153	:	Substitution of heading of Chapter V.
Section 154	:	Amendment of section 29A.
Section 155	:	Amendment of section 29B.
Section 156	:	Amendment of section 29C.
Section 157	:	Substitution of section 30.
Section 158	:	Substitution of section 30A.
Section 159	:	Substitution of section 31.
Section 160	:	Substitution of section 32.
Section 161	:	Amendment of section 33.
Section 162	:	Substitution of section 33A.
Section 163	:	Amendment of section 33B.
Section 164	:	Amendment of section 34.
Section 165	:	Amendment of section 35.
Section 166	:	Amendment of section 35A.
Section 167	:	Substitution of section 35B.
Section 168	:	Amendment of section 44.
Section 169	:	Amendment of section 46.
Section 170	:	Amendment of section 49.
Section 171	:	Amendment of section 51.
Section 172	:	Substitution of section 52A.
Part: VIII
AMENDMENTS TO THE PROHIBITION OF BENAMI PROPERTY TRANSACTIONS ACT, 1988
Section 173	:	Amendment of section 23.
Section 174	:	Amendment of section 24.
Section 175	:	Amendment of section 26.
Section 176	:	Amendment of section 30.
Section 177	:	Amendment of section 46.
Section 178	:	Amendment of section 47.
Section 179	:	Insertion of new sections 54A and 54B.
Section 180	:	Amendment of section 55.
Part: IX
AMENDMENTS TO THE SECURTIES AND EXCHANGE BOARD OF INDIA ACT, 1992
Section 181	:	Commencement of this Part.
Section 182	:	Amendment of section 14.
Section 183	:	Amendment of section 15C.
Section 184	:	Amendment of section 15F.
Section 185	:	Insertion of new section 15HAA.
Part: X
AMENDMENTS TO THE CENTRAL ROAD AND INFRASTRUCTURE FUND ACT, 2000
Section 186	:	Amendment of section 10.
Section 187	:	Amendment of section 11.
Section 188	:	Amendment of section 12.
Part: XI
AMENDMENT TO THE FINANCE ACT, 2002
Section 189	:	Amendment of Act 20 of 2002.
Part: XII
AMENDMENT TO THE UNIT TRUST OF INDIA (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 2002
Section 190	:	Amendment of Act 58 of 2002.
Part: XIII
AMENDMENTS TO THE PREVENTION OF MONEY-LAUNDERING ACT, 2002
Section 191	:	Commencement of this Part.
Section 192	:	Amendment of section 2.
Section 193	:	Amendment of section 3.
Section 194	:	Amendment of section 12A.
Section 195	:	Insertion of new section 12AA.
Section 196	:	Amendment of section 15.
Section 197	:	Amendment of section 17.
Section 198	:	Amendment of section 18.
Section 199	:	Amendment of section 44.
Section 200	:	Amendment of section 45.
Section 201	:	Insertion of new section 72A.
Section 202	:	Amendment of section 73.
Part: XIV
AMENDMENT TO THE FINANCE (NO.2) ACT, 2004
Section 203	:	Amendment of Act 23 of 2004.
Part: XV
AMENDMENT TO THE PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
Section 204	:	Amendment of Act 51 of 2007.
Part: XVI
AMENDMENTS TO THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015
Section 205	:	Amendment of section 2.
Section 206	:	Amendment of section 10.
Section 207	:	Amendment of section 17.
Section 208	:	Amendment of section 84.
Part: XVII
AMENDMENTS TO THE FINANCE ACT, 2016
Section 209	:	Amendment of section 187.
Section 210	:	Amendment of section 191.
Part: XVIII
AMENDMENT TO THE FINANCE ACT, 2018
Section 211	:	Amendment of Act 13 of 2018.
Section 212	:	Repeal.
SCHEDULES
SCHEDULE-01	:	THE FIRST SCHEDULE (See section 2)
SCHEDULE-02	:	THE SECOND SCHEDULE [See section 83(1)]
SCHEDULE-03	:	THE THIRD SCHEDULE [See section 84(1)]
SCHEDULE-04	:	THE FOURTH SCHEDULE [See section 88(a)]
SCHEDULE-05	:	THE FIFTH SCHEDULE [See section 88(b)]