Section 133 of Finance Act 2018 : Amendment of section 15

By | April 1, 2018
(Last Updated On: April 20, 2018)

Section 133 of Finance Act 2018

[Section 133 of Finance Act 2018 deals with Amendment of section 15 and is covered in CHAPTER VIII MISCELLANEOUS]

Amendment of section 15

133. In section 15 of the principal Act, in sub-section (2),—

(i)clause (a) shall be omitted;
(ii)for clause (b), the following clause shall be substituted, namely:—
” (b) the conditions as to interest or discount relating to deposits generally, or any class of deposits in particular;”;
(iii)for clause (g), the following clause shall be substituted, namely:—
“(g) the fees that may be levied for discharge of any services under this Act;”;
(iv)for clause (i), the following clauses shall be substituted, namely:—
“(i) the limit and procedure under clause (a) of sub-section (4) of section 4A;
(j) the mode of making deposits, such as physical, electronic or through use of any other tools of communication and information technology;
(k) benchmark for interest rates on deposits with a view to ensure financial sustainability of Savings Schemes;
(l) amount to be excluded in computing the court fee chargeable under the Court-fees Act, 1870 (7 of 1870) for the purpose of section 8 of the Act;
(m) mechanism for redressal of grievances and settlement of disputes;
(n) any other matter which is required to be or may be, prescribed.”.

Finance Act 2018 : Assented by President : Download Print Notification

 

Direct Taxes Ready Reckoner
Service Tax Ready Reckoner
Company Law Ready Reckoner
tax deduction at source
New Books Released on Tax , GST and law

Leave a Reply

Your email address will not be published. Required fields are marked *