Short title and commencement

Q: When was Section 1 of the Finance Act enacted?

Section 1 of the Finance Act, cited as Finance Act 1971 1, was enacted on 10 Aug 1971 as Act 32 of 1971. It is in force as at the date shown on this page.

In force Act 32 of 1971 As on 16 Oct 2026

Act 32 of 1971 Ministry Finance Enacted 10 Aug 1971

Section 1 of the Finance Act, 1971 deals with short title and commencement. THE FINANCE (No, 2) ACT, 1971 NO. 32 OF [10th August, 1971] An Act to give effect to the financial proposals of the Central Government for the financial year 1971-72 and to provide for the levy of foreign travel tax. The Act was enacted on 10 Aug 1971.

THE FINANCE (No, 2) ACT, 1971
NO. 32 OF 1971
[10th August, 1971]
An Act to give effect to the financial proposals of the Central Government for the financial year 1971-72 and to provide for the levy of foreign travel tax.
BE it enacted by Parliament in the Twenty-second Year of the Republic of India as follows: —
CHAPTER I
PRELIMINARY
Short title and commencement.
1. (1) This Act may be called the Finance (No.
2) Act, 1971.
(2) Save as otherwise provided in this Act, sections 2 to 38 and sections 53 and 54 shall be deemed to have come into force on the 1st day of April, 1971.
[Finance (No.
2) Act, 1971]
© Copyright. Taxmann Publications Pvt. Ltd.
Section 1, The Finance Act, 1971 (Act 32 of 1971).

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 1

What does Section 1 of the Finance Act deal with?

Section 1 of the Finance Act is headed "Short title and commencement". THE FINANCE (No, 2) ACT, 1971 NO. 32 OF [10th August, 1971] An Act to give effect to the financial proposals of the Central Government for the financial year 1971-72 and to provide for the levy of foreign travel tax.

How do I find court cases under Section 1 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 1971 1, section 1 Finance Act 1971, section 1 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 1 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), section 38 (Amendment of Act 7 of 1964), so none of them can safely be read on its own.

When was Section 1 of the Finance Act enacted?

Section 1 of the Finance Act, cited as Finance Act 1971 1, was enacted on 10 Aug 1971 as Act 32 of 1971. It is in force as at the date shown on this page.

Other sections of this Act

First Schedule. First Schedule3950 words
10. Amendment of section 40A1041 words
2. Income-tax860 words
31. Amendment of section 4836 words
37. Amendment of Act 18 of 1958668 words
32. Amendment of section 5496 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.