An Act to give effect to the financial proposals of the Central Government for the financial year 1961-1962.

Act 14 of 1961 Enacted 29 Apr 1961 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1961

What this Act covers

The Finance Act for 1961. Its First Schedule carries the rates of income-tax for the year; the rest amends the Income-tax Act and the other fiscal statutes. The rate of tax for a year is fixed here and not in the Income-tax Act.

Sections

Type to filter. 11 sections.

1. 1Short title and commencement
2. 2Income-tax and super-tax
3. 3Amendment of section 4
4. 4Amendment of section 7
5. 5Amendment of section 7
6. 6Amendment of section 10
7. 7Amendment of section 15C
8. 8Amendment of section 23A
9. 9Amendment of section 35
10. 10Amendment of section 56A
11. First ScheduleFirst Schedule

Related Acts

• The Income-tax Act, 1961821 sections
• The Deposit Insurance and Credit Guarantee Corporation Act, 196163 sections
• The Voluntary Surrender of Salaries (Exemption from Taxation) Act, 19615 sections
• The Income-tax Rules, 1962483 sections
• The Customs Act, 1962285 sections
• The Manipur (Sales of Motor Spirit and Lubricants) Taxation Act, 196237 sections
• The Finance Act, 196216 sections
• The State-Associated Banks (Miscellaneous Provisions) Act, 19626 sections

Provenance. 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.

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Every one of the 11 sections of this Act has its own page. This page is not a substitute for legal advice.