An Act to give effect to the financial proposals of the Central Government for the financial year 1967-1968.

Act 20 of 1967 Enacted 05 Aug 1967 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1967

What this Act covers

The Finance Act for 1967. Its First Schedule carries the rates of income-tax for the year; the rest amends the Income-tax Act and the other fiscal statutes. The rate of tax for a year is fixed here and not in the Income-tax Act.

Sections

Type to filter. 40 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 4Amendment of section 2
4. 5Amendment of section 10
5. 6Amendment of section 23
6. 7Amendment of section 20
7. 8Amendment of section 32
8. 9Amendment of section 33
9. 10Amendment of section 33A
10. 11Insertion of new section 33B
11. 12Amendment of section 34
12. 13Amendment of section 35
13. 14Amendment of section 35A
14. 15Amendment of section 36
15. 16Amendment of section 43
16. 17Insertion of new section 43A
17. 18Amendment of section 44
18. 19Amendment of section 47
19. 20Amendment of section 49
20. 21Amendment of section 55
21. 22Amendment of section 72
22. 23Insertion of new section 80F
23. 24Amendment of section 84
24. 25Substitution of new section for section 85
25. 26Amendment of section 88
26. 27Amendment of Chapter XIII
27. 28Amendment of section 138
28. 29Amendment of section 172
29. 30Amendment of Chapter XVII
30. 31Amendment of sections 209 and 215
31. 32Amendment of First Schedule
32. 33Certain amendments to Income-tax Act to take effect from 1st April, 1968
33. 34Amendment of Act 27 of 1957
34. 35Amendment of Act 18 of 1958
35. 36Amendment of Act 7 of 1964
36. 44Amendment of Act 47 of 1961
37. 45Certain amendments made in Act 52 of 1963 by Act 17 of 1966 to be given retrospective effect
38. 46Recovery of tax on income voluntarily disclosed
39. 47Repeal
40. First ScheduleIncome-tax and surcharges on income-tax

Related Acts

• The Finance Act, 196648 sections
• The Finance Act, 196835 sections
• The Asian Development Bank Act, 19667 sections
• The Finance Act, 196926 sections
• The Finance Act, 196523 sections
• The Finance Act, 196457 sections
• The Companies (Profits) Surtax Act, 196434 sections
• The Banking Companies (Acquisition and Transfer of Undertakings) Act, 197029 sections

Provenance. 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.

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. Every one of the 40 sections of this Act has its own page. This page is not a substitute for legal advice.