Amendment of section 215
Section 13 of the Finance Act, 1963 deals with amendment of section 215. Amendment of section 215 13. In section 215 of the Income-tax Act, for sub-section (2), the following sub-section shall be substituted, namely: — "(2) Where before the date of completion of a regular assessment, a provisional assessment is made under section 141 or tax is paid by the assessee otherw The Act was enacted on 28 Apr 1963.
Amendment of section 215
13. In section 215 of the Income-tax Act, for sub-section (2), the following sub-section shall be substituted, namely: —
"(2) Where before the date of completion of a regular assessment, a provisional assessment is made under section 141 or tax is paid by the assessee otherwise than in pursuance of such a provisional assessment—
(i) interest shall be calculated in accordance with the foregoing provision up to the date on which the tax is paid either as provisionally assessed or otherwise; and
(ii) thereafter interest shall be calculated at the rate aforesaid on the amount by which the tax as so paid (in so far as it relates to income subject to advance tax) falls short of the said seventy-five per cent.".
[Finance Act, 1963]
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Section 13, The Finance Act, 1963 (Act 13 of 1963).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Referred to by 2
Questions about Section 13
What does Section 13 of the Finance Act deal with?
Section 13 of the Finance Act is headed "Amendment of section 215". Amendment of section 215 13. In section 215 of the Income-tax Act, for sub-section (2), the following sub-section shall be substituted, namely: — "(2) Where before the date of completion of a regular assessment, a provisional assessment is made under section 141 or tax is paid by the assessee otherw
How do I find court cases under Section 13 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 1963 13, section 13 Finance Act 1963, section 13 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 13 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 215 (Interest payable by assessee), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When was Section 13 of the Finance Act enacted?
Section 13 of the Finance Act, cited as Finance Act 1963 13, was enacted on 28 Apr 1963 as Act 13 of 1963. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule3776 words
- 2. Income-tax and super-tax1469 words
- 9. Insertion of new section 141A620 words
- 20. Amendment of the Second Schedule303 words
- 6. Amendment of section 40193 words
- 8. Amendment of section 139189 words
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.