Section 94: In section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2023,

Q: What does Section 94 of The Finance Act, 2023 (TFA) deal with?

Section 94 TFA pertains to "In section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2023,". It is part of the The Finance Act, 2023, a legislation enacted by the Parliament of India. Section 94 of The Finance Act, 2023 (TFA) governs in section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2023,. As verified on 19 May 2026.

Q: Is Section 94 TFA still in force?

Yes, Section 94 of the The Finance Act, 2023 is currently in force across the Republic of India.

Q: What is धारा 94 TFA?

धारा 94 TFA is the Devanagari Hindi reference for Section 94 of the The Finance Act, 2023. Section 94 of The Finance Act, 2023 (TFA) governs in section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2023,. As verified on 19 May 2026.

Q: What is Dhara 94 TFA?

Dhara 94 TFA is the Roman Hindi reference for Section 94 of the The Finance Act, 2023. "Dhara" means "Section" in Hindi. Section 94 of The Finance Act, 2023 (TFA) governs in section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2023,. As verified on 19 May 2026.

Q: How to cite Section 94 of The Finance Act, 2023?

Cite as: "Section 94, The Finance Act, 2023 (TFA)" in legal briefs. For academic writing, use the BlueBook format: The Finance Act, 2023, § 94 (India).

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in clause (a), the words “out of India” at both the places where they occur shall be omitted;

in the long line, for the word "five ", the word "twenty " shall be substituted;

in the first proviso, for the words "and is for a purpose other than purchase of overseas tour program package ", the words "and is for the purposes of education or medical treatment " shall be substituted;

in the second proviso, for the words "is for a purpose other than purchase of overseas tour program package ", the words "is for the purposes of education or medical treatment " shall be substituted.