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Commercialpedia Indian Railways commercial circulars and policies

sections (2) and (3), for the assessment year commencing on the 1st April, 2025, income-tax shall be charged at the rates specified in Part I of the First…

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TypeCommercial Circular
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Summary

sections (2) and (3), for the assessment year commencing on the 1st April, 2025, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax shall be increased by a surcharge, for the purposes of the Union, calculated in each case in the manner provided therein sub-section (2A) of section 92CE or section 115QA or section

Text of the circular

BILL No. 14 OF 2025 
THE FINANCE BILL, 2025 
(AS INTRODUCED IN LOK SABHA)

THE FINANCE BILL, 2025 
_______ 
ARRANGEMENT OF CLAUSES 
______ 
CHAPTER I 
PRELIMINARY 
CLAUSES 
1.
Short title and commencement.
CHAPTER II 
RATES OF INCOME-TAX 
2.
Income-tax.
CHAPTER III 
DIRECT TAXES 
Income-tax 
3.
Amendment of section 2.
4.
Amendment of section 9.
5.
Amendment of section 9A.
6.
Amendment of section 10.
7.
Amendment of section 12AB.
8.
Amendment of section 13.
9.
Amendment of section17.
10. Amendment of section 23.
11. Insertion of new section 44BBD.
12. Amendment of section 45.
13. Amendment of section 47.
14. Amendment of section 72A.
15. Amendment of section 72AA.
16. Amendment of section 80CCA.
17. Amendment of section 80CCD.
18. Amendment of section 80-IAC.
19. Amendment of section 80LA.
20. Amendment of section 87A.
21. Amendment of section 92CA.
22. Amendment of section 112A.
23. Amendment of section 115AD.
24. Amendment of section 115BAC.

ii 
 
 
 
CLAUSES 
 
25. Amendment of section 115UA. 
26. Amendment of section 115V. 
27. Amendment of section 115VB. 
28. Amendment of section 115VD. 
29. Amendment of section 115VG. 
30. Amendment of section 115V-I. 
31. Amendment of section 115VK. 
32. Amendment of section 115VP. 
33. Amendment of section 115VT. 
34. Amendment of section 115VV. 
35. Amendment of section 115VX. 
36. Amendment of section 115VZA. 
37. Amendment of section 132. 
38. Amendment of section 132B. 
39. Amendment of section 139. 
40. Amendment of section 140B. 
41. Amendment of section 144BA. 
42. Amendment of section 144C. 
43. Amendment of section 153. 
44. Amendment of section 153B. 
45. Amendment of section 155. 
46. Amendment of section 158B. 
47. Amendment of section 158BA. 
48. Amendment of section 158BB. 
49. Amendment of section 158BE. 
50. Amendment of section 158BFA. 
51. Amendment of section 193. 
52. Amendment of section 194. 
53. Amendment of section 194A. 
54. Amendment of section 194B. 
55. Amendment of section 194BB. 
56. Amendment of section 194D. 
57. Amendment of section 194G. 
58. Amendment of section 194H. 
59. Amendment of section 194-I. 
60. Amendment of section 194J. 
61. Amendment of section 194K. 
62. Amendment of section 194LA. 
63. Amendment of section 194LBC. 
64. Amendment of section 194Q. 
65. Amendment of section 194S. 
66. Omission of section 206AB. 
67. Amendment of section 206C. 
68. Omission of section 206CCA. 
69. Amendment of section 246A.

iii 
 
 
 
CLAUSES 
 
70. Amendment of section 253. 
71. Amendment of section 255. 
72. Amendment of section 263. 
73. Amendment of section 264. 
74. Amendment of section 270AA. 
75. Amendment of section 271AAB. 
76. Omission of section 271BB. 
77. Amendment of section 271C. 
78. Amendment of section 271CA. 
79. Amendment of section 271D. 
80. Amendment of section 271DA. 
81. Amendment of section 271DB. 
82. Amendment of section 271E. 
83. Substitution of new section for section 275. 
84. Amendment of section 276BB. 
85. Insertion of new section 285BAA. 
86. Amendment of rule 68B of the Second Schedule. 
 
CHAPTER IV 
 
INDIRECT TAXES 
 
Customs 
87. Amendment of section 18. 
88. Insertion of new section 18A. 
89. Amendment of section 27. 
90. Amendment of section 28. 
91. Amendment of section 127A. 
92. Amendment of section 127B. 
93. Amendment of section 127C. 
94. Amendment of section 127D. 
95. Amendment of section 127F. 
96. Amendment of section 127G. 
97. Amendment of section 127H. 
 
 
Customs Tariff 
98.  Amendment of First Schedule. 
 
Central Excise 
 
99. Amendment of section 31. 
100. Insertion of new section 31A. 
101. Amendment of section 32. 
102. Amendment of section 32A. 
103. Amendment of section 32B.

iv 
 
 
 
CLAUSES 
104. Amendment of section 32C. 
105. Amendment of section 32D. 
106. Amendment of section 32E. 
107. Amendment of section 32F. 
108. Amendment of section 32G. 
109. Amendment of section 32-I. 
110. Amendment of section 32J. 
111. Amendment of section 32K. 
112. Amendment of section 32L. 
113. Amendment

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