Section1
The Finance Act, 1962

Short title

In force Act 20 of 1962 As on 09 Oct 2026

Act 20 of 1962 Ministry Finance Enacted 22 Jun 1962

Section 1 of the Finance Act, 1962 deals with short title. THE FINANCE (NO. 2) Act, 1962 No. 20 OF [22nd June, 1962] An Act to give effect to the financial proposals of the Central Government for the financial year 1962-63. The Act was enacted on 22 Jun 1962.

THE FINANCE (NO.

2) Act, 1962

No. 20 OF 1962

[22nd June, 1962]

An Act to give effect to the financial proposals of the Central Government for the financial year 1962-63.

BE it enacted by Parliament in the Thirteenth Year of the Republic of India as follows: -

Short title and commencement

1. (1) This Act may be called the Finance (No.

2) Act, 1962.

(2) Save as otherwise provided in this Act, sections 3 to 14 inclusive shall be deemed to have come into force on the 1st day of April, 1962 and sub-section (1) of section 16 and section 18 shall be deemed to have come into force on the 23rd day of April, 1962.

[Finance (No.

2) Act, 1962]

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Section 1, The Finance Act, 1962 (Act 20 of 1962).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Questions about Section 1

What does Section 1 of the Finance Act deal with?

Section 1 of the Finance Act is headed "Short title". THE FINANCE (NO. 2) Act, 1962 No. 20 OF [22nd June, 1962] An Act to give effect to the financial proposals of the Central Government for the financial year 1962-63.

How do I find court cases under Section 1 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1962 1, section 1 Finance Act 1962, section 1 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 1 of the Finance Act, and has it changed?

Its own text turns on section 3 (Amendment of section 2), section 14 (Amendment of the First Schedule to Act 14 of 1961), so none of them can safely be read on its own.

When was Section 1 of the Finance Act enacted?

Section 1 of the Finance Act, cited as Finance Act 1962 1, was enacted on 22 Jun 1962 as Act 20 of 1962. It is in force as at the date shown on this page.

Other sections of this Act

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. 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. This page is not a substitute for legal advice.