CENTRAL ACTS AND ORDINANCES

© GOVERNMENT OF TAMIL NADU 2019

[Regd. No. TN/CCN/467/2012-14.

[R. Dis. No. 197/2009.

[Price: Rs. 4.80 Paise.

No. 44] CHENNAI, WEDNESDAY, OCTOBER 30, 2019 Aippasi 13, Vikari, Thiruvalluvar Aandu – 2050

Part IV—Section 4

CENTRAL ACTS AND ORDINANCES

CONTENTSCONTENTS

Pages.Pages.

Ordinances::

No. 14 of 2019—Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export,

Transport, Sale, Distribution, Storage and Advertisement) Ordinance, 2019. .. 736-740736-740 No. 15 of 2019—The Taxation Laws (Amendment) Ordinance, 2019 .. .. .. .. 741-745741-745

[735]

44-IV-4-1TAMIL NADU GOVERNMENT GAZETTE [Part IV—Sec. 4 736

MINISTRY OF LAW AND JUSTICE

(Legislative Department)

New Delhi, the 18th September, 2019 / Bhadra 27, 1941 (Saka).

The following Central Ordinance promulgated by the President of India is hereby re-published for general Information:—

THE PROHIBITION OF ELECTRONIC CIGARETTES (PRODUCTION, MANUFACTURE, IMPORT, EXPORT, TRANSPORT, SALE, DISTRIBUTION, STORAGE AND ADVERTISEMENT) ORDINANCE, 2019

No. 14 of 2019

Promulgated by the President in the Seventieth Year of the Republic of India.

An Ordinance to prohibit the production, manufacture, import, export, transport, sale, distribution, storage and advertisement of electronic cigarettes in the interest of public health to protect the people from harm and for matters connected therewith or incidental thereto;

WHEREAS India is a signatory to the World Health Organisation Framework Convention on Tobacco Control adopted in Geneva, Switzerland on 21st day of May, 2003 which came into force on the 27th day of February, 2005;

AND WHEREAS the Conference of Parties established under article 23 of the said Convention took a decision on the 18th day of October, 2014 to invite the Parties to the Convention to consider prohibiting or regulating the electronic cigarettes or the Electronic Nicotine Delivery Systems and the Electronic non-Nicotine Delivery Systems, including as tobacco products, medicinal products, consumer products or other categories, as appropriate, taking into account a high level of protection for human health;

AND WHEREAS the Conference of Parties took a decision to urge the Parties to the Convention to consider banning or restricting advertising, promotion and sponsorship of the said Delivery Systems;

AND WHEREAS since these devices are injurious to health and proliferation of these products has negative impact on public health, it is expedient to prohibit the production, manufacture, import, export, transport, sale, distribution, storage and advertisement of electronic cigarettes as enjoined by article 47 of the Constitution of India;

AND WHEREAS article 51 of the Constitution of India requires the State to endeavour to foster respect for international law and treaty obligations in the dealings of organised peoples with one another;

AND WHEREAS Parliament is not in session and the President is satisfi ed that circumstances exist which render it necessary for him to take immediate action;

NOW, THEREFORE, in exercise of the powers conferred by clause (1) of article 123 of the Constitution, the President is pleased to promulgate the following Ordinance:-

Short title and commence- ment.

1. (1) This Ordinance may be called the Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Ordinance, 2019.

(2) It shall come into force at once.

2. It is hereby declared that it is expedient in the public interest that the Union should take under its control the electronic cigarettes industry.

Declaration to expediency of control by Union.

Defi nitions

3. In this Ordinance, unless the context otherwise requires,-

(a) "advertisement" means any audio or visual publicity, representation or pronouncement made by means of any light, sound, smoke, gas, print, electronic media, internet or website or social media and includes through any notice, circular, label, wrapper, invoice or other document or device;

(b) "authorised offi cer" means-

(i) any police offi cer not below the rank of sub- inspector; or;

(ii) any other offi cer, not below the rank of sub-inspector, authorised by the Central Government or the State Government by notifi cation;

(c) "distribution" includes distribution by way of samples, whether free or otherwise and the expression "distribute" shall be construed accordingly;

23 of 1940

(d) "electronic cigarette" means an electronic device that heats a substance, with or without nicotine and fl avours, to create an aerosol for inhalation and includes all forms of Electronic Nicotine Delivery Systems, Heat Not Burn Products, e-Hookah and the like devices, by whatever name called and whatever shape, size or form it may have, but does not include any product licensed under the Drugs and Cosmetics Act, 1940.

Explanation.-For the purposes of this clause, the expression "substance" includes any natural or artifi cial substance or other matter, whether it is in a solid state or in liquid form or in the form of gas or vapour;

(e) "export" with its grammatical variations and cognate expressions, means taking out of India to a place outside India;

(f) "import" with its grammatical variations and cognate expressions, means bringing into India from a place outside India;

(g) "manufacture" means a process for making or assembling electronic cigarettes and any part thereof, which includes any sub-process, incidental or ancillary to the manufacture of electronic cigarettes and any part thereof;

(h) "notifi cation" means a notifi cation published in the Offi cial Gazette;

(i) "person" includes-

(i) any individual or group of individuals;

(ii) a fi rm (whether registered or not);

(iii) a Hindu Undivided Family;

(iv) a trust;

(v) a limited liability partnership;

(vi) a co-operative society;

(vii) any corporation or company or body of individuals; and

(viii) every artifi cial juridical person not falling within any of the preceding sub-clauses;

(j) "place" includes any house, room, enclosure, space, conveyance or the area in like nature;

(k) "production" with its grammatical variations and cognate expressions, includes the making or assembling of electronic cigarettes and any part thereof;

(l) "sale" with its grammatical variations and cognate expressions, means any transfer of property in goods (including online transfer) by one person to another, whether for cash or on credit, or by way of exchange, and whether wholesale or retail, and includes an agreement for sale, and offer for sale and exposure for sale.

4. On and from the date of commencement of this Ordinance, no person shall, directly or indirectly,-

(i) produce or manufacture or import or export or transport or sell or distribute electronic cigarettes, whether as a complete product or any part thereof; and

(ii) advertise electronic cigarettes or take part in any advertisement that directly or indirectly promotes the use of electronic cigarettes.

Prohibition on production, manufactur- ing, import, export, trans- port, sale, distribution, advertise- ment of electronic cigarettes.

5. On and from the date of commencement of this Ordinance, no person, being the owner or occupier or having the control or use of any place shall, knowingly permit it to be used for storage of any stock of electronic cigarettes:

Prohibition on storage of electronic cigarettes.

Provided that any existing stock of electronic cigarettes as on the date of the commencement of this Ordinance kept for sale, distribution, transport, export or advertisement shall be disposed of in the manner hereinafter specifi ed-

(a) the owner or occupier of the place with respect to the existing stock of electronic cigarettes shall, suo moto, prepare a list of such stock of electronic cigarettes in his possession and without unnecessary delay submit the stock as specifi ed in the list to the nearest offi ce of the authorised offi cer; and

(b) the authorised offi cer to whom any stock of electronic cigarettes is forwarded under clause (a) shall, with all convenient despatch, take such measures as may be necessary for the disposal according to the law for the time being in force.

6. (1) An authorised offi cer, if he has reason to believe that any provision of this Ordinance has been, or is being contravened, may enter and search any place where-

Power to enter, search and seize without warant.

(a) any trade or commerce in electronic cigarettes is carried on or electronic cigarettes are produced, supplied, distributed, stored or transported; or

(b) any advertisement of the electronic cigarettes has been or is being made.

(2) After completion of the search referred to in sub- section (1), the authorised offi cer shall seize any record or property found as a result of the search in the said place, which are intended to be used, or reasonably suspected to have been used, in connection with any matter referred to in sub-section (1) and if the thinks proper, take into custody and produce, along with the record or property so seized, before the Court of Judicial Magistrate of the fi rst class, any such person whom he has reason to believe to have committed any offence punishable under this Ordinance.

(3) Where it is not practicable to seize the record or property, the offi cer authorised under sub-section (1), may make an order in writing to attach such property, stocks or records maintained by the producer, manufacturer, importer, exporter, transporter, seller, distributer, advertiser or stockist about which a complaint has been made or credible information has been received or a reasonable suspicion exists of their having been connected with any offence in contravention of the provisions of this Ordinance and such order shall be binding on the person connected with the said offence.

(4) All searches, seizures and attachment under this section shall be made in 2 of 1974 accordance with the provisions of the Code of Criminal Procedure, 1973.

Punishment for

contravention of section 4

7. Whoever contravenes the provisions of section 4, shall be punishable with imprisonment for a term which may extend to one year or with fi ne which may extend to one lakh rupees, or with both, and, for the second or subsequent offence, with imprisonment for a term which may extend to three years and with fi ne which may extend to fi ve lakh rupees.

Punishment for

contravention of section 5.

8. Whoever contravenes the provisions of section 5, shall be punishable with imprisonment for a term which may extend to six months or with fi ne which may extend to fi fty thousand rupees or with both.

Jurisdiction

and trial of offences.

9. (1) Any person committing an offence under section 4 or section 5 shall be triable for such offence in any place in which he is liable to be tried under any law for the time being in force.

2 of 1974 (2) All offences under this Ordinance shall be tried by the Court of Judicial Magistrate of the fi rst class in accordance with the procedure provided for trials in the Code of Criminal Procedure, 1973.

Power to

dispose of stock seized.

2 of 1974 10. After completion of the proceedings before the Court and if it is proved that the stock seized by the authorised offi cer under the provisions of this Ordinance are stocks of electronic cigarettes, such stocks shall be disposed of in accordance with the provisions contained in Chapter XXXIV of the Code of Criminal Procedure, 1973.

Offences by

Companies.

11. (1) Where an offence under this Ordinance has been committed by a company, every person who, at the time the offence was committed, was in charge of, and was responsible to the company for the conduct of, the business of the company, as well as the company, shall be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly:

Provided that nothing contained in this sub-section shall render any such person liable to any punishment provided in this Ordinance, if he proves that the offence was committed without his knowledge or that he had exercised all due diligence to prevent the commission of such offence.

(2) Notwithstanding anything contained in sub-section (1), where an offence under this Ordinance has been committed by a company, and it is proved that the offence has been committed with the consent or connivance of, or is attributable to any neglect on the part of any director, manager, secretary or other offi cer of the company, such director, manager, secretary or other offi cer shall also be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly.

Explanation.-For the purpose of this section-

(a) "company" means any body corporate and includes a fi rm or other association of individuals; and

(b) "director" means a whole-time director in the company and in relation to a fi rm, means a partner in the fi rm.

12. No court shall take cognizance of an offence punishable under this Ordinance, except Cognizance of offences.

upon a complaint in writing made by an authorised offi cer under this Ordinance.

2 of 1974.

13. Notwithstanding anything contained in the Code of Criminal Procedure, 1973, an Offences to be cognizable.

offence under section 4 shall be cognizable.

Ordinance to have over- riding effect.

14. Save as otherwise expressly provided in this Ordinance, the provisions of this Ordinance shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force.

Application of

other laws not barred.

15. The provisions of this Ordinance shall be in addition to and not in derogation of the provisions of any other law for the time being in force prohibiting production, manufacture, import, export, transport, sale, distribution, storage and advertisement of electronic cigarettes.

Protection of

action taken in good faith.

16. No suit, prosecution or other legal proceeding shall lie against the Central Government or any State Government or any offi cer of the Central Government or any State Government for anything which is in good faith done or intended to be done under this Ordinance.

Power to

remove diffi culties.

17. (1) If any diffi culty arises in giving effect to the provisions of this Ordinance, the Central Government may, by an order published in the Offi cial Gazette, make such provision not inconsistent with the provisions of this Ordinance, as may appear to be necessary or expedient for removing the difi culty.

(2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.

RAM NATH KOVIND,

President.

D(cid:3482). G. N(cid:3465)(cid:3482)(cid:3465)(cid:3489)(cid:3465)(cid:3478)(cid:3465) R(cid:3465)(cid:3474)(cid:3485),

Secretary to the Government of India.

(Re-published by Order of the Governor)

K. RAVIKUMAR, Additional Secretary to Government, Law Department.

New Delhi, the 20th September, 2019 / Bhadra 29, 1941 (Saka).

The following Central Ordinance promulgated by the President of India is hereby re-published for general Information:—

THE TAXATION LAWS (AMENDMENT) ORDINANCE, 2019

No. 15 of 2019

Promulgated by the President in the Seventieth Year of the Republic of India.

An Ordinance further to amend the Income-tax Act, 1961 and the Finance (No. 2) Act, 2019.

WHEREAS Parliament is not in session and the President is satisfi ed that circumstances exist which render it necessary for him to take immediate action;

NOW, THEREFORE, in exercise of the powers conferred by clause (1) of article 123 of the Constitution, the President is pleased to promulgate the following Ordinance:-

CHAPTER I

P(cid:3482)(cid:3469)(cid:3476)(cid:3473)(cid:3477)(cid:3473)(cid:3478)(cid:3465)(cid:3482)(cid:3489)

1. (1) This Ordinance may be called the Taxation Laws (Amendment) Ordinance, 2019. Short title and commence- ment (2) Save as otherwise provided, this Ordinance shall come into force at once.

CHAPTER - II

A(cid:3477)(cid:3469)(cid:3478)(cid:3468)(cid:3477)(cid:3469)(cid:3478)(cid:3484)(cid:3483) I(cid:3478) T(cid:3472)(cid:3469) I(cid:3478)(cid:3467)(cid:3479)(cid:3477)(cid:3469)-T(cid:3465)(cid:3488) A(cid:3467)(cid:3484), 1961

43 of 1961

Amendment of section 92BA 2. In section 92BA of the Income-tax Act, 1961 (hereafter in this Chapter referred to as the Income-tax Act), after clause (v), the following clause shall be inserted with effect from the 1st day of April, 2020, namely:-

"(va) any business transacted between the persons referred to in sub-section (4) of section 115BAB;".

3. In section 115BA of the Income-tax Act with effect from the 1st day of April, 2020,-

Amendment of section 115BA (a) for the marginal heading "Tax on income of certain domestic companies", the marginal heading "Tax on income of certain domestic manufacturing companies" shall be substituted;

(b) in sub-section (1), for the words "subject to the other provisions of this Chapter", the words, fi gures and letters "subject to the other provisions of this Chapter, other than those mentioned under section 115BAA and section 115BAB" shall be substituted;

(c) in sub-section (4), after the proviso, the following proviso shall be inserted, namely:-

"Provided further that where the person exercises option under section 115BAB, the option under this section may be withdrawn.".

Insertion of 4. After section 115BA of the Income-tax Act, the following sections shall be inserted with effect from the 1st day of April, 2020, namely:-

new sections 115BAA and 115BAB "115BAA. (1) Notwithstanding anything contained in this Act but subject to the provisions of this Chapter, other than those mentioned under section 115BA and section 115BAB, the income-tax payable in respect of the total income of a person, being a domestic company, for

Tax on income of certain domestic companies.

any previous year relevant to the assessment year beginning on or after the 1st day of April, 2020, shall, at the option of such person, be computed at the rate of twenty-two percent., if the conditions contained in sub-section (2) are satisfi ed.

(2) For the purposes of sub-section (1), the following conditions shall apply subject to the condition that the total income of the company has been computed,-TAMIL NADU GOVERNMENT GAZETTE [Part IV—Sec. 4 742 (i) without any deduction under the provisions of section 10AA or clause (iia) of sub-section (1) of Section 32 or section 32AD or section 33AB or section 33ABA or sub-clause (ii) or sub-clause (iia) or sub-clause (iii) of sub-section (1) or sub-section (2AA) or sub-section (2AB) of section 35 or section 35AD or section 35CCC or section 35CCD or under any provisions of Chapter VI-A under the heading "C.—Deductions in respect of certain incomes" other than the provisions of section 80JJAA;

(ii) without set off of any loss carried forward from any earlier assessment year if such loss is attributable to any of the deductions referred to in sub-clause (i); and

(iii) by claiming the depreciation, if any, under section 32, other than clause (iia) of sub-section (1) of the said section, determined in such manner as may be prescribed.

(3) The loss referred to in sub-clause (ii) of sub-section (2) shall be deemed to have been already given full effect to and no further deduction for such loss shall be allowed for any subsequent year.

(4) Nothing contained in this section shall apply unless the option is exercised by the person in the prescribed manner on or before the due date specifi ed under sub- section (1) of section 139 for furnishing the returns of income for any previous year relevant to the assessment year commencing on or after 1st day of April, 2020 and such option once exercised shall apply to subsequent assessment years:

Provided that once the option has been exercised for any previous year, it cannot be subsequently withdrawn for the same or any other previous year.

Tax on income

of certain new domestic manufacturing Companies.

115BAB. (1) Notwithstanding anything contained in this Act but subject to the provisions of this Chapter, other than those mentioned under section 115BA and section 115BAA, the income-tax payable in respect of the total income of a person, being a domestic company, for any previous year relevant to the assessment year beginning on or after the 1st day of April, 2020, shall, at the option of such person, be computed at the rate of fi fteen per cent., if the conditions contained in sub-section (2) are satisfi ed.

(2) For the purposes of sub-section (1), the following conditions shall apply, namely:—

(a) the company has been set-up and registered on or after the 1st day of October, 2019, and has commenced manufacturing on or before the 31st day of March, 2023, and,-

(i) is not formed by splitting up, or the reconstruction, of a business already in existence:

Provided that this condition shall not apply in respect of an undertaking which is formed as a result of the re-establishment, reconstruction or revival by the person of the business of any such undertaking as is referred to in section 33B, in the circumstances and within the period specifi ed in the said section;

(ii) does not use any machinery or plant previously used for any purpose.

Explanation 1.-For the purposes of sub-clause (ii), any machinery or plant which was used outside India by any other person shall not be regarded as machinery or plant previously used for any purpose, if the following conditions are fulfi lled, namely:-

(A) such machinery or plant was not, at any time previous to the date of the installation by the person, used in India;

(B) such machinery or plant is imported into India from any country outside India; and (C) no deduction on account of depreciation in respect of such machinery or plant has been allowed or is allowable under the provisions of this Act in computing the total income of any person for any period prior to the date of the installation of machinery or plant by the person.

Explanation 2.-Where in the case of a person, any machinery or plant or any part thereof previously used for any purpose is put to use by the company and the total value of such machinery or plant or part thereof does not exceed twenty percent. of the total value of the machinery or plant used by the company, then, for the purposes of sub- clause (ii) of this clause, the condition specifi ed therein shall be deemed to have been complied with;

(iii) does not use any building previously used as a hotel or a convention centre, as the case may be.

Explanation.-For the purposes of this sub-clause, the expressions "convention centre" and "hotel" shall have the meanings respectively assigned to them in clause (a) and clause (b) of sub-section (6) of section 80-ID;

(b) the company is not engaged in any busines other than the business of manufacture or production of any article or thing and research in relation to, or distribution of, such article or thing manufactured or produced by it; and

(c) the total Income of the company has been computed,-

(i) without any deduction under the provisions of section 10AA or clause (iia) of sub-section (1) section 32 or section 32AD or section 33AB or section 33ABA or sub-clause (ii) or sub-clause (iia) or sub-clause (iii) of sub-section (1) or sub-section (2AA) or sub-section (2AB) of section 35 or section 35AD or section 35CCC or section 35CCD or under any provisions of Chapter VI-A under the heading "C.-Deductions in respect of certain incomes" other than the provisions of section 80JJAA;

(ii) without set off of any loss carried forward from any earlier assessment year if such loss is attributable to any of the deductions referred to in sub-clause (i); and

(iii) by claiming the depreciation under section 32, other than clause (iia) of sub-section (1) of the said section, determined in such manner as may be prescribed.

(3) The loss referred to in sub-clause (ii) of clause (c) of sub-section (2) shall be deemed to have been already given full effect to and no further deduction for such loss shall be allowed for any subsequent year.

(4) Where it appears to the Assessing Offi cer that, owing to the close connection between the company and any other person, or for any other reason, the course of business between them is so arranged that the business transacted between them produces to the company more than the ordinary profi ts which might be expected to arise, the Assessing Offi cer shall, in computing the profi ts and gains of such company for the purposes of this section, take the amount of profi ts as may be reasonably deemed to have been derived therefrom:

Provided that in case the aforesaid arrangement involves a specifi ed domestic transaction referred to in section 92BA, the amount of profi ts from such transaction shall be determined having regard to arm's length price as defi ned in clause (ii) of section 92F.

(5) Nothing contained in this section shall apply unless the option is exercised by the person in the prescribed manner on or before the due date specifi ed under sub- section (1) of section 139 for furnishing the fi rst of the returns of income for any previous year relevant to the assessment year commencing on or after 1st day of April, 2020 and such option once exercised shall apply to subsequent assessment years:

Provided that once the option has been exercised for any previous year, it cannot be subsequently withdrawn for the same or any other previous year.

5. In section 115JB of the Income-tax Act, with effect from the 1st day of April, 2020,- Amendment of section 115JB (a) in sub-section (1), the following proviso shall be inserted, namely:-

"Provided that for the previous year relevant to the assessment year commencing on or after the 1st day of April, 2020, the provisions of this sub-section shall have effect as if for the words "eighteen and one-half per cent.", occurring at both the places, the words "fi fteen per cent." had been substituted.";

(b) for sub-section (5A), the following sub-section shall be substituted, namely:-

"(5A) The provisions of this section shall not apply to,—

(i) any income accruing or arising to a company from life insurance business referred to in section 115B;

(ii) a person who has exercised the option referred to under section 115BAA or section 115BAB.".

Amendment of section 115QA

6. In section 115QA of the Income-tax Act, in sub-section (1), the following proviso shall be inserted and shall be deemed to have been inserted with effect from the 5th day of July, 2019, namely:-

15 of 1992.

"Provided that the provisions of this sub-section shall not apply to such buy-back of shares (being the shares listed on a recognised stock exchange), in respect of which public announcement has been made before 5th day of July, 2019 in accordance with the provisions of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 made under the Securities and Exchange Board of India Act, 1992 as amended from time to time.

CHAPTER - III

A(cid:3477)(cid:3469)(cid:3478)(cid:3468)(cid:3477)(cid:3469)(cid:3478)(cid:3484)(cid:3483) I(cid:3478) T(cid:3472)(cid:3469) F(cid:3473)(cid:3478)(cid:3465)(cid:3478)(cid:3467)(cid:3469) (N(cid:3479).2) A(cid:3467)(cid:3484), 2019

Amendment of

7. In section 2 of the Finance (No.2) Act, 2019 [hereafter in this Chapter referred to as the Finance (No.2) Act], in sub- section (9), with effect from the 1st day of April, 2019,-

Act No. 23 of 2019.

(a) in third proviso,-

(i) in clause (a) for the words "the Income-tax Act", the words, fi gures and letters "the Income-tax Act, not having any income under section 115AD of the Income-tax Act" shall be inserted and shall be deemed to have been inserted;

(ii) after clause (a), the following clause shall be inserted and shall be deemed to have been inserted, namely:-

'(aa) in the case of every association of persons or body of individuals, whether incorporated or not, having income under section 115AD of the Income- tax Act,-

(i) at the rate of ten per cent. of such "advance tax", where the total income exceeds fi fty lakh rupees, but does not exceed one crore rupees;

(ii) at the rate of fi fteen per cent. of such "advance tax", where the total income exceeds one crore rupees but does not exceed two crore rupees;

(iii) at the rate of twenty fi ve per cent. of such "advance tax", where the total income [excluding the income of the nature referred to in clause (b) of sub-section (1) of section 115AD of the Income-tax Act] exceeds two crore rupees but does not exceed fi ve crore rupees;

(iv) at the rate of thirty-seven per cent. of such "advance tax", where the total income [excluding the income of the nature referred to in clause (b) of sub-section (1) of section 115AD of the Income-tax Act] exceeds fi ve crore rupees;

(v) at the rate of fi fteen per cent. of such "advance tax", where the total income [including the income of the nature referred to in clause (b) of sub-section (1) of section 115AD of the Income-tax Act] exceeds two crore rupees but is not covered in sub-clauses (iii) and (iv):

Provided that in case where the total income includes any income chargeable under clause (b) of sub-section (1) of section 115AD of the Income-tax Act, the rate of surcharge on the advance tax computed on that part of income shall not exceed fi fteen per cent.;';

(b) in the fourth proviso, for the words, brackets and letter "in (a) above", the words, brackets and letters "in (a) and (aa) above" shall be substituted;

(c) after the eighth proviso, the following proviso shall be inserted, namely:-

"Provided also that in respect of any income chargeable to tax under section 115BAA or sectioin 115BAB of the Income-tax Act, the tax computed under the fi rst proviso shall be increased by a surcharge, for the purposes of the Union, calculated at the rate of ten per cent. of such "advance tax".

Amendment of

8. In the First Schedule of the Finance (No.2) Act, with effect from the 1st day of April, 2019,-

Part II of First Schedule.

(A) in PART II, under the sub-heading "Surcharge on income-tax", in paragraph (i), in clause (a),-Oct. 30, 2019] TAMIL NADU GOVERNMENT GAZETTE 745 (i) in sub-clauses I and II, after the words "aggregate of such incomes", the brackets, fi gures and letters "(including the income under the provisions of section 111A and section 112A of the Income-tax Act)" shall be inserted and shall be deemed to have been inserted;

(ii) in sub-clauses III and IV, after the words "aggregate of such incomes" the brackets, fi gures and letters "(excluding the income under the provisions of section 111A and section 112A of the Income-tax Act)" shall be inserted and shall be deemed to have been inserted.

(iii) after sub-clause IV, the following sub-clause shall be inserted and shall be deemed to have been inserted, namely:-

"V. at the rate of fi fteen per cent. of such tax, where the income or aggregate of such incomes (including the income under the provisions of section 111A and section 112A of the Income-tax Act) paid or likely to be paid and subject to the deduction exceeds two crore rupees, but is not covered under sub-clauses III and IV):

Provided that in case where the total income includes any income chargeable under section 111A and section 112A of the Income-tax Act, the rate of surcharge on the amount of income-tax deducted in respect of that part of income shall not exceed fi fteen per cent.;';

(B) in PART Ill, in Paragraph A, under the sub-heading "Surcharge on income-tax", after the opening portion,-

(i) in clauses (a) and (b), after the words "having a total income", the brackets, words, fi gures and letters "(including the income under the provisions of section 111A and section 112A)" shall be inserted;

(ii) in clauses (c) and (d), after the words "having a total income", the brackets, words, fi gures and letters "(excluding the income under the provisions of section 111A and section 112A)" shall be inserted;

(iii) after clause (d) and before the proviso, the following clause shall be inserted, namely:-

"(e) having a total income (including the income under the provisions of section 111A and section 112A) exceeding two crore rupees, but is not covered under clauses (c) and (d), shall be applicable at the rate of fi fteen per cent. of such income-tax:

Provided that in case where the total income includes any income chargeable under section 111A and section 112A of the Income-tax Act, the rate of surcharge on the amount of income-tax computed on that part of income shall not exceed fi fteen per cent.; '' ;

RAM NATH KOVIND,

President.

D(cid:3482). G. N(cid:3465)(cid:3482)(cid:3465)(cid:3489)(cid:3465)(cid:3478)(cid:3465) R(cid:3465)(cid:3474)(cid:3485),

Secretary to the Government of India.

(Re-Published by Order of the Governor)

K. RAVIKUMAR, Additional Secretary to Government, Law Department.

PRINTED AND PUBLISHED BY THE DIRECTOR OF STATIONERY AND PRINTING, CHENNAI ON BEHALF OF THE GOVERNMENT OF TAMIL NADU