{"act":{"id":"finance-act-1991","short_title":"The Finance Act, 1991","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1991-1992.","act_number":"49","act_year":1991,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":120,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1991/"},"unit":"section","section":{"number":"17","heading":"Amendment of section 45","text":"Amendment of section 45. 17. In section 45 of the Income-tax Act,— (a) in sub-section (2), for the word, figures and letter \"and 54G\", the figures, letters and word \",54G and 54H\" shall be substituted; (b) in sub-section (5), in clause (a), for the words 'income under the head \"Capital gains\" of the previous year in which the transfer took place', the words 'income under the head \"Capital gains\" of the previous year in which such compensation or part thereof, or such consideration or part thereof, was first received' shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1988. [Finance (No. 2) Act, 1991] © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 45.</b></p><p><b>17.</b> In section 45 of the Income-tax Act,—</p><p>(<i>a</i>) in sub-section (<i>2</i>), for the word, figures and letter \"and 54G\", the figures, letters and word \",54G and 54H\" shall be substituted;</p><p>(<i>b</i>) in sub-section (<i>5</i>), in clause (<i>a</i>), for the words 'income under the head \"Capital gains\" of the previous year in which the transfer took place', the words 'income under the head \"Capital gains\" of the previous year in which such compensation or part thereof, or such consideration or part thereof, was first received' shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1988.</p><p>[Finance (No. 2) Act, 1991]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":120,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1991/section/17/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}