An Act to give effect to the financial proposals of the Central Government for the financial year 1962-1963.

Act 20 of 1962 Enacted 22 Jun 1962 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1962

What this Act covers

The Finance Act for 1962. 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. 16 sections.

1. 1Short title
2. 2Income-tax and super-tax
3. 3Amendment of section 2
4. 4Amendment, of section 37
5. 5Substitution of new sections for sections 70 and 71
6. 6Amendment of section 72
7. 7Substitution of new section for section 74
8. 8Amendment of section 87
9. 9Amendment of section 88
10. 10Amendment of section 109
11. 11Substitution of new sections for sections 114 and 115
12. 12Amendment of Act 27 of 1957
13. 13Expenditure-tax not to be levied from 1st April, 1962
14. 14Amendment of the First Schedule to Act 14 of 1961
15. 19Repeal
16. First ScheduleFirst Schedule

Related Acts

• The Income-tax Rules, 1962483 sections
• The Customs Act, 1962285 sections
• The Manipur (Sales of Motor Spirit and Lubricants) Taxation Act, 196237 sections
• The State-Associated Banks (Miscellaneous Provisions) Act, 19626 sections
• The Income-tax Act, 1961821 sections
• The Marine Insurance Act, 196392 sections
• The Deposit Insurance and Credit Guarantee Corporation Act, 196163 sections
• The Finance Act, 196322 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 16 sections of this Act has its own page. This page is not a substitute for legal advice.