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Section54
The Finance Act, 1964

Amendment of Act 13 of 1963

In force Act 5 of 1964 As on 07 Oct 2026

Act 5 of 1964 Ministry Finance

Section 54 of the Finance Act, 1964 deals with amendment of Act 13 of 1963. Amendment of Act 13 of 1963 54. In Paragraph A of Part I of the First Schedule to the Finance Act, 1963, for clause (ii) of the proviso to clause (c) under the heading "Surcharges on income-tax", the following clause shall be, and shall be deemed always to have been, substituted, namely:— "(ii) the

Amendment of Act 13 of 1963

54. In Paragraph A of Part I of the First Schedule to the Finance Act, 1963, for clause (ii) of the proviso to clause (c) under the heading "Surcharges on income-tax", the following clause shall be, and shall be deemed always to have been, substituted, namely:—

"(ii) the additional surcharge shall in no case exceed one-half of the amount by which the residual income exceeds the limit specified below.".

[Finance Act, 1964]

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Section 54, The Finance Act, 1964 (Act 5 of 1964).

Questions about Section 54

What does Section 54 of the Finance Act deal with?

Section 54 of the Finance Act is headed "Amendment of Act 13 of 1963". Amendment of Act 13 of 1963 54. In Paragraph A of Part I of the First Schedule to the Finance Act, 1963, for clause (ii) of the proviso to clause (c) under the heading "Surcharges on income-tax", the following clause shall be, and shall be deemed always to have been, substituted, namely:— "(ii) the

How do I find court cases under Section 54 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 1964 54, section 54 Finance Act 1964, section 54 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When was the Finance Act enacted?

Finance Act was enacted in 1964 as Act 5 of 1964. India Code records no commencement date for it. 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.