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TypeBare Act JurisdictionCentral Government Enacted2012

Finance Act, 2012, (Central) Section 14

Amendment of Section 44ad

~1 min read

https://sooperkanoon.com/act/63652

Bare act section · Research

About this section

Finance Act, 2012, (Central) Section 14 is part of Finance Act, 2012, (Central) - Amendment of Section 44ad. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 44AD of the Income-tax Act,--

(a) after sub-section (5), and before the Explanation, the following sub-section shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2011, namely:--

"(6) The provisions of this section, notwithstanding anything contained in the foregoing provisions, shall not apply to--

(i) a person carrying on profession as referred to in sub-section (1) of section 44AA;

(ii) a person earning income in the nature of commission or brokerage; or

(iii) a person carrying on any agency business.";

(b) in the Explanation, in clause (b), in sub-clause (ii), for the words "sixty lakh rupees", the words "one crore rupees" shall be substituted with effect from the 1st day of April, 2013.

Frequently asked questions

What does Finance Act, 2012, (Central) Section 14 provide?

Section Section 14 of the Finance Act, 2012, (Central) (Amendment of Section 44ad) is reproduced on this page as part of the Finance Act, 2012, (Central). 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, 2012, (Central) Section 14?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2012, (Central) Section 14. 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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