How many sections are in The Finance Act, 2023 (TFA)?

The The Finance Act, 2023 (TFA) contains a total of 47 sections organized across 4 chapters. The chapters are: Chapter I — Chapter I — 1 sections; Chapter II — Chapter II — 1 sections; Chapter IIIDIR — ECT TAXES, Income-tax — 38 sections; Chapter I — – AMENDMENTS TO THE GOVERNMENT SAVINGS PROMOTION ACT, 1873 — 7 sections.

Where can I read the complete TFA bare act online for free?

You can read the complete, updated text of The Finance Act, 2023 (TFA) with all 47 sections for free at Law on Tips (lawontips.com). Each section includes the full legislative text with chapter-wise navigation.

What is the full form of TFA?

TFA stands for "The Finance Act, 2023". It is an Indian legislation containing 47 sections across 4 chapters. You can read the complete TFA bare act with all sections at Law on Tips.

The Finance Act, 2023 (TFA) is an Indian legislation passed by the Parliament of India. An Act to give effect to the financial proposals of the Central Government for the financial year 2023-24. It contains 47 sections organized across 4 chapters.

The Finance Act, 2023

Act ID: finance-act-2023

The Finance Act, 2023

"An Act to give effect to the financial proposals of the Central Government for the financial year 2023-24."

Overview

What is The Finance Act, 2023 (TFA)?

The The Finance Act, 2023 (TFA) is an Indian legislation containing 47 sections across 4 chapters. An Act to give effect to the financial proposals of the Central Government for the financial year 2023-24.

Sections47 across 4 chapters

JurisdictionRepublic of India

Passed by

Parliament of India

AbbreviationTFA

Verified by Law on Tips Editorial Team · Browse the complete table of contents below

Chapter I

S.1PRELIMINARY

Ch. II

Chapter II

S.2RATES OF INCOME-TAX

Ch. IIIDIR

ECT TAXES, Income-tax

S.94In section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2023,S.155In section 122 of the Central Goods and Services TaxAct, after sub-section (1A), the following sub-section shall be inserted, namely:S.119Section 271FAA of the Income-tax Act shall be numbered as sub-section (1) thereof and in sub-section (1) as so renumbered, for the long line, the following shall be substituted, namely:

Ch. I

– AMENDMENTS TO THE GOVERNMENT SAVINGS PROMOTION ACT, 1873

S.165In the Government Savings Promotion Act, 1873,S.168In the Central Sales TaxAct,1956 (hereinafter referred to as the Central Sales Tax Act), for section 19, the following section shall be substituted, namely:S.170In the Central Sales Tax Act, in section 25, after sub-section (2), the following sub-section shall be inserted, namely:S.174

S.121

In section 274 of the Income-tax Act, in sub-section (2B), after the proviso, the following proviso shall be inserted and shall be deemed to have been inserted with effect from the 1st day ofApril, 2022, namely:

S.122In section 275 of the Income-tax Act,

S.15In section 44AB of the Income-taxAct, for the first proviso, the following proviso shall be substituted with effect from the 1st day ofApril, 2024, namely:

S.123In section 276A of the Income-tax Act, after the proviso, the following proviso shall be inserted, namely:

S.127In section 295 of the Income-taxAct, in sub-section (2),

S.128Customs

S.131In the Customs Act, in section 127C, after sub-section (8), the following sub-section shall be inserted, namely:

S.18In section 44BB of the Income-tax Act, after sub-section (3) and before the Explanation, the following sub-section shall be inserted with effect from the 1st day of April, 2024, namely:

S.5In section 10 of the Income-tax Act,

S.24After section 50A of the Income-tax Act, the following section shall be inserted with effect from the 1st day ofApril, 2024, namely:

S.48In section 94B of the Income-taxAct, with effect from the 1st day ofApril, 2024,

S.124In section 276B of the Income-tax Act,

S.54After section 115BAD of the Income-tax Act, with effect from the 1st day of April, 2024, the following section shall be inserted, namely: