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Union Budget 2018-19 | Download Finance Bill 2018

Download Union Budget 2018-2019 – Finance Bill 2018 in PDF. Tax proposals for Salaried tax payers. Amendments in various sections of finance Act, 2017.

Finance Minister Arun Jaitley presented the Union Budget 2018. Hon’ble Finance Minister’s presentation of Union Budget in the Parliament on Thursday, February 1, 2018 at 11:00 AM IST. This is the Narendra Modi government’s first post-GST and last pre-poll Budget.

Download the full text of the Finance Bill (Bill No. 4 of 2018), which was presented in the Lok Sabha by Finance Minister Arun Jaitley on 01-02-2018 to seek the House’s approval for the central government’s proposals for the financial year 2018-19.

Click here to download Finance Bill 2018 in PDF format. This PDF file will help you to understand the tax proposals made for the assessment year commencing on the 1st day of April, 2018. Finance Bill, 2018 was presented in the Lok Sabha by Finance Minister on 01-02-2018.

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Download Finance Bill 2018

In respect of income of all categories of assessees liable to tax for the assessment year 2018-19, the rates of income-tax have been specified in Part I of the First Schedule to the Bill. The provisions of Finance Bill, 2018 relating to direct taxes seek to amend the Income-tax Act, 1961 (‘the Act’) and the Finance Act, 2017. This will become the Finance Act, 2018.

1. Short title and commencement.
2. Income-tax.

DIRECT TAXES
Income-tax

3. Amendment of section 2.
4. Amendment of section 9.
5. Amendment of section 10.
6. Amendment of section 11.
7. Amendment of section 16.
8. Amendment of section 17.
9. Amendment of section 28.
10. Amendment of section 36.
11. Amendment of section 40A.
12. Amendment of section 43.
13. Insertion of new section 43AA.
14. Amendment of section 43CA.
15. Insertion of new section 43CB.
16. Amendment of section 44AE .
17. Amendment of section 47.
18. Amendment of section 49.
19. Amendment of section 50C.
20. Amendment of section 54EC.
21. Amendment of section 56.
22. Amendment of section 79.
23. Substitution of new section for 80AC.
24. Amendment of section 80D.
25. Amendment of section 80DDB.
26. Amendment of section 80-IAC.
27. Amendment of section 80JJAA.
28. Insertion of new section 80PA

29. Amendment of section 80TTA.
30. Insertion of new section 80TTB.
31. Insertion of new section 112A.
32. Amendment of section 115AD.
33. Amendment of section 115BA.
34. Amendment of section 115BBE.
35. Amendment of section 115JB.
36. Amendment of section 115JC.
37. Amendment of section 115JF.
38. Amendment of section 115-O.
39. Omission of Explanation ocuurring after section 115Q.
40. Amendment of section 115R.
41. Amendment of section 115T.
42. Amendment of section 139A.
43. Amendment of section 140.
44. Amendment of section 143.
45. Substitution of new sections 145A and 145B for section 145A.
46. Amendment of section 193.
47. Amendment of section 194A.
48. Amendment of section 245-O.
49. Amendment of section 245Q.
50. Amendment of section 253.
51. Amendment of section 271FA.
52. Amendment of section 276CC.
53. Amendment of section 286.

INDIRECT TAXES
Customs

  1. Substitution of references to certain expressions by certain other expressions.
  2. Amendment of section 1.
  3. Amendment of section 2.
  4. Amendment of section 11.
  5. Amendment of section 17.
  6. Amendment of section 18.
  7. Insertion of new sections 25A and 25B.
  8. Amendment of section 28.
  9. Amendment of section 28E.
  10. Insertion of new section 28EA.
  11. Amendment of section 28F.
  12. Amendment of section 28H.
  13. Amendment of section 28-I.
  14. Amendment of section 28K.
  15. Insertion of new section 28KA.
  16. Amendment of section 28L.
  17. Substitution of new section for section 28M
  18. Amendment of section 30.
  19. Amendment of section 41.
  20. Amendment of section 45.
  21. Amendment of section 46.
  22. Amendment of section 47.
  23. Amendment of section 50.
  24. Amendment of section 51.
  25. Insertion of new Chapter VIIA.
  26. Amendment of section 54.
  27. Amendment of section 60.
  28. Amendment of section 68.
  29. Amendment of section 69.
  30. Amendment of section 74.
  31. Amendment of section 75.
  32. Amendment of Chapter heading.
  33. Amendment of section 83.
  34. Amendment of section 84.
  35. Insertion of new Chapter XIIA.
  36. Insertion of new section 109A.
  37. Amendment of section 110.
  38. Amendment of section 122.
  39. Amendment of section 124.
  40. Amendment of section 125.
  41. Amendment of section 128A.
  42. Insertion of new section 143AA.
  43. Insertion of new section 151B.
  44. Substitution of new section for section 153.
  45. Amendment of section 157.
  46. Amendment of notification issued under sub-section (1) of section 25 of the Customs Act and sub-section (12) of section 3 of the Customs Tariff Act, retrospectively.

Customs Tariff

  • Amendment of Customs Tariff Act, 1975.
  • Amendment of First Schedule.
  • Amendment of Second Schedule.

SERVICE TAX

  • Special provision for exemption from service tax in certain cases relating to life insurance services provided
    by Naval Group Insurance Fund to personnel of Coast Guard, retrospectively.
  • Special provision for exemption from service tax in certain cases relating to services provided or agreed to
    be provided by Goods and Services Tax Network, retrospectively.
  • Special provision for retrospective exemption from service tax on Government’s share of profit petroleum.

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