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TypeBare Act JurisdictionCentral Government

Finance Act, 1995 Section 34

AMENDMENT OF SECTION 194C In section 194C of the Income-tax Act, with effect from the 1st day of July, 1995,"

~1 min read
https://sooperkanoon.com/act/249651

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About this section

Finance Act, 1995 Section 34 is part of Finance Act, 1995 - AMENDMENT OF SECTION 194C In section 194C of the Income-tax Act, with effect from the 1st day of July, 1995,". Read the section text below and explore Indian court judgments that cite it.

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Section Text

i) in sub-section (1),"

(a) in clause (i), for the words and figures "University Grants Commission Act, 1956", the words and figures "University Grants Commission Act, 1956; or" shall be substituted;

(b) after clause (i), the following clause shall be inserted, namely :" "(i) any firm,";

(c) for the words "deduct an amount equal to two per cent. of such sum as income-tax on income comprised therein", the following shall be substituted, namely :" "deducted an amount equal to"

(i) one per cent. in case of advertising, (ii) in any other case two per cent., of such sum as income-tax on income comprised therein;";

(ii) below sub-section (2), after

Explanation II, the following

Explanation shall be inserted, namely:"

Explanation III ." For the purposes of this section, the expression "work" shall also include"

(a) advertising;

(b) broadcasting and telecasting including production of programmes for such broadcasting or telecasting;

(c) carriage of goods and passengers by any mode of transport other than by railways;

(d) catering.";

(iii) in sub -section (3), in clause (i), for the words "ten thousand rupees", the words/twenty thousand rupees" shall be substituted.

Frequently asked questions

What does Finance Act, 1995 Section 34 provide?

Section Section 34 of the Finance Act, 1995 (AMENDMENT OF SECTION 194C In section 194C of the Income-tax Act, with effect from the 1st day of July, 1995,") is reproduced on this page as part of the Finance Act, 1995. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 1995 Section 34?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1995 Section 34. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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