Amendment of section 55
Section 21 of the Finance Act, 1967 deals with amendment of section 55. Amendment of section 55 21. In section 55 of the Income-tax Act,— (a) in clause (b) (ii) of sub-section (1), for the word and figures "section ", the words, brackets and figures "sub-section (1) of section " shall be substituted; The Act was enacted on 05 Aug 1967.
Amendment of section 55
21. In section 55 of the Income-tax Act,—
(a) in clause (b) (ii) of sub-section (1), for the word and figures "section 49", the words, brackets and figures "sub-section (1) of section 49" shall be substituted;
(b) in clause (ii) of sub-section (2), for the word and figures "section 49", the words, brackets and figures "sub-section (1) of section 49" shall be substituted.
[Finance (No.
2) Act, 1967]
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Section 21, The Finance Act, 1967 (Act 20 of 1967).
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 1
Questions about Section 21
What does Section 21 of the Finance Act deal with?
Section 21 of the Finance Act is headed "Amendment of section 55". Amendment of section 55 21. In section 55 of the Income-tax Act,— (a) in clause (b) (ii) of sub-section (1), for the word and figures "section ", the words, brackets and figures "sub-section (1) of section " shall be substituted;
How do I find court cases under Section 21 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 1967 21, section 21 Finance Act 1967, section 21 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 21 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 55 (Meaning of "adjusted", "cost of improvement" and "cost of acquisition"), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was Section 21 of the Finance Act enacted?
Section 21 of the Finance Act, cited as Finance Act 1967 21, was enacted on 05 Aug 1967 as Act 20 of 1967. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. Income-tax and surcharges on income-tax17952 words
- 2. Income-tax1717 words
- 27. Amendment of Chapter XIII1494 words
- 34. Amendment of Act 27 of 19571262 words
- 35. Amendment of Act 18 of 19581256 words
- 30. Amendment of Chapter XVII1048 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.