Amendment of Act 47 of 1961
Section 44 of the Finance Act, 1967 deals with amendment of Act 47 of 1961. Amendment of Act 47 of 1961 44. In the Deposit Insurance Corporation Act, 1961, for section 30 the following section shall be substituted, namely:— "30. The Act was enacted on 05 Aug 1967.
Amendment of Act 47 of 1961
44. In the Deposit Insurance Corporation Act, 1961, for section 30 the following section shall be substituted, namely:—
"30. Income-tax—Notwithstanding anything contained in the Income-tax Act, 1961 (43 of 1961), the Corporation shall not be liable to pay any tax under that Act on any of its income, profits or gains for the accounting year during which the Corporation is established and for nine accounting years following that year.".
[Finance (No.
2) Act, 1967]
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Section 44, 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
Questions about Section 44
What does Section 44 of the Finance Act deal with?
Section 44 of the Finance Act is headed "Amendment of Act 47 of 1961". Amendment of Act 47 of 1961 44. In the Deposit Insurance Corporation Act, 1961, for section 30 the following section shall be substituted, namely:— "30.
How do I find court cases under Section 44 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 44, section 44 Finance Act 1967, section 44 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 44 of the Finance Act, and has it changed?
Its own text turns on section 30 (Amendment of Chapter XVII), so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it.
When was Section 44 of the Finance Act enacted?
Section 44 of the Finance Act, cited as Finance Act 1967 44, 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.