Exclusion of commuted value of pension from total income under the Indian Income-tax Act, 1922
Section 23 of the Finance Act, 1965 deals with exclusion of commuted value of pension from total income under the Indian Income-tax Act, 1922. Exclusion of commuted value of pension from total income under the Indian Income-tax Act, 1922 23.
Exclusion of commuted value of pension from total income under the Indian Income-tax Act, 1922
23. Notwithstanding anything contained in the Indian Income-tax Act, 1922 (11 of 1922), any sum due to or received by any person in commutation of pension shall not be included and shall be deemed never to have been includible in computing the total income of such person under the provisions of that Act.
[Finance (No.
2) Act, 1965]
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Section 23, The Finance Act, 1965 (Act 15 of 1965).
Questions about Section 23
What does Section 23 of the Finance Act deal with?
Section 23 of the Finance Act is headed "Exclusion of commuted value of pension from total income under the Indian Income-tax Act, 1922". Exclusion of commuted value of pension from total income under the Indian Income-tax Act, 1922 23.
How do I find court cases under Section 23 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 1965 23, section 23 Finance Act 1965, section 23 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 1965 as Act 15 of 1965. 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
- 24. Voluntary disclosure of income2329 words
- 3. Amendment of section 10702 words
- 20. Amendment of Act 27 of 1957579 words
- 17. Amendment of section 280ZC336 words
- 11. Insertion of new section 112A266 words
- 5. Amendment of section 33233 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.