An Act to give effect to the financial proposals of the Central Government for the financial year 1971-1972.

Act 32 of 1971 Enacted 10 Aug 1971 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1971

What this Act covers

The Finance Act for 1971. 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. 39 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 2
4. 4Amendment of section 10
5. 5Amendment of section 11
6. 6Amendment of section 13
7. 7Amendment of section 16
8. 8Amendment of section 36
9. 9Amendment of section 40
10. 10Amendment of section 40A
11. 11Omission of section 54A
12. 12Amendment of section 58
13. 13Amendment of section 67
14. 14Amendment of section 80A
15. 15Amendment of section 80C
16. 16Amendment of section 80-I
17. 17Amendment of section 80L
18. 18Amendment of section 80M
19. 19Amendment of section 80MM
20. 20Amendment of section 80N
21. 21Substitution of new section for section 80-O
22. 22Amendment of section 80P
23. 23Amendment of section 80T
24. 24Amendment of section 86
25. 25Substitution of new section for section 115
26. 26Amendment of section 194A
27. 27Amendment of section 230A
28. 28Omission of section 235
29. 29Amendment of Second Schedule
30. 30Amendment of Sixth Schedule
31. 31Amendment of section 4
32. 32Amendment of section 5
33. 33Amendment of section 18
34. 34Amendment of section 21
35. 35Amendment of section 32
36. 36Amendment of Sixth Schedule
37. 37Amendment of Act 18 of 1958
38. 38Amendment of Act 7 of 1964
39. First ScheduleFirst Schedule

Related Acts

• The Comptroller Auditor-General's (Duties, Powers and Conditions of Service) Act, 197127 sections
• The Finance Act, 197261 sections
• The General Insurance Business (Nationalisation) Act, 197248 sections
• The Finance Act, 197029 sections
• The Banking Companies (Acquisition and Transfer of Undertakings) Act, 197029 sections
• The Taxation Laws (Extension to Jammu and Kashmir) Act, 19724 sections
• The Finance Act, 196926 sections
• The Finance Act, 197324 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 39 sections of this Act has its own page. This page is not a substitute for legal advice.