An Act to give effect to the financial proposals of the Central Government for the financial year 1970-1971.

Act 19 of 1970 Enacted 14 May 1970 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1970

What this Act covers

The Finance Act for 1970. 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. 29 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 11
4. 4Amendment of section10
5. 5Amendment of section 11
6. 6Substitution of new-section of section 13
7. 7Amendment of section 16
8. 8Amendment of section 35B
9. 9Amendment of section 36
10. 10Amendment of section 37
11. 11Amendment of Chapter IV-E relating to capital gains
12. 12Amendment of section 80C
13. 13Amendment of section 80G
14. 14Substitution of new section for section 80L
15. 15Amendment of section 80M
16. 16Amendment of section 80MM
17. 17Amendment of section 116
18. 18Amendment of section 117
19. 19Substitution of new section for section 130
20. 20Amendment of section 139
21. 21Substitution of new section for section 164
22. 22Amendment of section 193
23. 23Amendment of section 194A
24. 24Amendment of section 195
25. 25Amendment of section 212
26. 26Amendment of Act 27 of 1957
27. 27Amendment of Act 18 of 1958
28. 39Amendment of Act 7 of 1964
29. First ScheduleFirst Schedule

Related Acts

• The Banking Companies (Acquisition and Transfer of Undertakings) Act, 197029 sections
• The Finance Act, 197139 sections
• The Comptroller Auditor-General's (Duties, Powers and Conditions of Service) Act, 197127 sections
• The Finance Act, 196926 sections
• The Finance Act, 197261 sections
• The General Insurance Business (Nationalisation) Act, 197248 sections
• The Finance Act, 196835 sections
• The Taxation Laws (Extension to Jammu and Kashmir) Act, 19724 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 29 sections of this Act has its own page. This page is not a substitute for legal advice.