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Section28
The Finance Act, 1966

Amendment of section 236A

In force Act 13 of 1966 As on 17 Oct 2026

Act 13 of 1966 Ministry Finance Enacted 13 May 1966

Section 28 of the Finance Act, 1966 deals with amendment of section 236A. Amendment of section 236A 28. In section 236A of the Income-tax Act,— (a) in sub-section (1), for the words, figures and letters "the 1st day of April, ", the words, figures and letters "the 1st day of April, " shall be substituted; The Act was enacted on 13 May 1966.

Amendment of section 236A

28. In section 236A of the Income-tax Act,—

(a) in sub-section (1), for the words, figures and letters "the 1st day of April, 1964", the words, figures and letters "the 1st day of April, 1966" shall be substituted;

(b) for sub-section (2), the following sub-section shall be substituted, namely:—

"(2) The amount to be given as credit under sub-section (1) shall be a sum which bears to the amount of the tax payable by the company under the provisions of the annual Finance Act with reference to the relevant amount of distributions of dividends by it the same proportion as the amount of the dividends (other than dividends on preference shares) received by the institution or fund from the company bears to the total amount of dividends (other than dividends on preference shares) declared or distributed by the company during the previous year.

Explanation.—In sub-section (2) of this section and in section 280ZB, the expression "the relevant amount of distributions of dividends" has the meaning assigned to it in the Finance Act of the relevant year,.".

[Finance Act, 1966]

© Copyright. Taxmann Publications Pvt. Ltd.

Section 28, The Finance Act, 1966 (Act 13 of 1966).

Cross-references

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

This section refers to

  1. Income-tax Act s. 236A Relief to certain charitable institutions or funds in respect of certain dividends

Questions about Section 28

What does Section 28 of the Finance Act deal with?

Section 28 of the Finance Act is headed "Amendment of section 236A". Amendment of section 236A 28. In section 236A of the Income-tax Act,— (a) in sub-section (1), for the words, figures and letters "the 1st day of April, ", the words, figures and letters "the 1st day of April, " shall be substituted;

How do I find court cases under Section 28 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 1966 28, section 28 Finance Act 1966, section 28 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 28 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 236A (Relief to certain charitable institutions or funds in respect of certain dividends), so none of them can safely be read on its own.

When was Section 28 of the Finance Act enacted?

Section 28 of the Finance Act, cited as Finance Act 1966 28, was enacted on 13 May 1966 as Act 13 of 1966. 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.