An Act to give effect to the financial proposals of the Central Government for the financial year 1968-1969.

Act 19 of 1968 Enacted 11 May 1968 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1968

What this Act covers

The Finance Act for 1968. 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. 35 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Annuity deposit
4. 4Amendment of section 2
5. 5Insertion of new sections 35B and 35C
6. 6Amendment of section 37
7. 7Insertion of new section 40A
8. 8Amendment of section 58
9. 9Amendment of section 80K
10. 10Amendment of section 80M
11. 11Insertion of new section 141A
12. 12Amendment of section 153
13. 13Amendment of section 192
14. 14Amendment of section 194A
15. 15Amendment of section 199
16. 16Amendment of Section 214
17. 17Amendment of section 219
18. 18Amendment of section 239
19. 19Amendment of section 271
20. 20Amendment of section 276
21. 21Insertion of new section 276B
22. 22Amendment of section 279
23. 23Amendment of section 280C
24. 24Amendment of section 280-O
25. 25Amendment of section 280X
26. 26Amendment of section 280Z
27. 27Amendment of section 280ZA
28. 28Amendment of section 280ZB
29. 29Amendment of section 280ZD
30. 30Certain additional amendments to the income-tax Act
31. 31Special provisions in regard to certain assessments under the Income-tax Act
32. 32Amendment of Act 27 of 1957
33. 33Amendment of Act 7 of 1964
34. First ScheduleFirst Schedule
35. Sixth ScheduleSixth Schedule

Related Acts

• The Finance Act, 196740 sections
• The Finance Act, 196926 sections
• The Finance Act, 196648 sections
• The Banking Companies (Acquisition and Transfer of Undertakings) Act, 197029 sections
• The Finance Act, 197029 sections
• The Asian Development Bank Act, 19667 sections
• The Finance Act, 197139 sections
• The Comptroller Auditor-General's (Duties, Powers and Conditions of Service) Act, 197127 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 35 sections of this Act has its own page. This page is not a substitute for legal advice.