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Section44
The Finance Act, 1972

Amendment of section 2

In force Act 16 of 1972 As on 15 Oct 2026

Act 16 of 1972 Ministry Finance Enacted 28 May 1972 Cited by 1 provision

Section 44 of the Finance Act, 1972 deals with amendment of section 2. Wealth-tax Amendment of section 2 44. In section 2 of the Wealth-tax. The Act was enacted on 28 May 1972.

Wealth-tax

Amendment of section 2

44. In section 2 of the Wealth-tax. Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act),—

(a) after clause (h), the following clause shall be, and shall be deemed always to have been, inserted, namely:—

'(ha) "co-operative society" means a co-operative society registered under the Co-operative Societies Act, 1912 (2 of 1912) or under any other law for the time being in force in any State, for the registration of co-operative societies;';

(b) existing clause (ha) shall be deemed to have been re-lettered as clause (hb) with effect from the 1st day of April, 1965.

[Finance Act, 1972]

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Section 44, The Finance Act, 1972 (Act 16 of 1972).

Cross-references

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

This section refers to

  1. s. 2 Income-tax

Referred to by 1

  1. s. 54 Amendment of section 44

Questions about Section 44

What does Section 44 of the Finance Act deal with?

Section 44 of the Finance Act is headed "Amendment of section 2". Wealth-tax Amendment of section 2 44. In section 2 of the Wealth-tax.

How do I find court cases under Section 44 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 1972 44, section 44 Finance Act 1972, section 44 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 44 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was Section 44 of the Finance Act enacted?

Section 44 of the Finance Act, cited as Finance Act 1972 44, was enacted on 28 May 1972 as Act 16 of 1972. It is in force as at the date shown on this page.

Other sections of this Act

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.