Amendment of section 58

Q: When was Section 8 of the Finance Act enacted?

Section 8 of the Finance Act, cited as Finance Act 1968 8, was enacted on 11 May 1968 as Act 19 of 1968. It is in force as at the date shown on this page.

In force Act 19 of 1968 As on 17 Oct 2026

Act 19 of 1968 Ministry Finance Enacted 11 May 1968

Section 8 of the Finance Act, 1968 deals with amendment of section 58. Amendment of section 58 8. Section 58 of the Income-tax Act shall be re-numbered as sub-section (1) thereof and after sub-section (1) as so re-numbered, the following sub-section shall be inserted, namely:— '(2) The provisions of section 40A shall, so far as may be, apply in computing the income cha The Act was enacted on 11 May 1968.

Amendment of section 58
8. Section 58 of the Income-tax Act shall be re-numbered as sub-section (1) thereof and after sub-section (1) as so re-numbered, the following sub-section shall be inserted, namely:—
'(2) The provisions of section 40A shall, so far as may be, apply in computing the income chargeable under the head "Income from other sources" as they apply in computing the income chargeable under the head "Profits and gains of business or profession".'.
[Finance Act, 1968]
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Section 8, The Finance Act, 1968 (Act 19 of 1968).

Cross-references

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

This section refers to

Income-tax Act s. 58 Amounts not deductible

Questions about Section 8

What does Section 8 of the Finance Act deal with?

Section 8 of the Finance Act is headed "Amendment of section 58". Amendment of section 58 8. Section 58 of the Income-tax Act shall be re-numbered as sub-section (1) thereof and after sub-section (1) as so re-numbered, the following sub-section shall be inserted, namely:— '(2) The provisions of section 40A shall, so far as may be, apply in computing the income cha

How do I find court cases under Section 8 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 1968 8, section 8 Finance Act 1968, section 8 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 8 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 58 (Amounts not deductible), so none of them can safely be read on its own.

When was Section 8 of the Finance Act enacted?

Section 8 of the Finance Act, cited as Finance Act 1968 8, was enacted on 11 May 1968 as Act 19 of 1968. It is in force as at the date shown on this page.

Other sections of this Act

First Schedule. First Schedule6299 words
32. Amendment of Act 27 of 1957957 words
7. Insertion of new section 40A932 words
2. Income-tax845 words
5. Insertion of new sections 35B and 35C732 words
11. Insertion of new section 141A500 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.