An Act to give effect to the financial proposals of the Central Government for the financial year 1973-1974.

Act 21 of 1973 Enacted 11 May 1973 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1973

What this Act covers

The Finance Act for 1973. 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. 24 sections.

1. 1Short title and commencement
2. 2Rates of Income-Tax
3. 3Amendment of section 2
4. 4Amendment of section 28
5. 5Amendment of section 35B
6. 6Amendment of section 45
7. 7Insertion of new section 54D
8. 8Amendment of section 80C
9. 9Amendment of section 80G
10. 10Amendment of section 80J
11. 11Amendment of section 80S
12. 12Amendment of section 194
13. 13Amendment of section 105
14. 14Amendment of section 112A
15. 15Amendment of section 155
16. 16Amendment of section 194C
17. 17Insertion of new section 194D
18. 18Amendment of section 197
19. 19Amendment of sections 198, 199, 200, 202, 203, 204, 205,209 and 215
20. 20Amendment of Act 27 of 1957
21. 21Amendment of Act 18 of 1958
22. 22Amendment of Act 7 of 1958
23. 23Credit Guarantee Corporation of India Limited to be exempt for a certain period from liability to pay income-tax and surtax
24. First ScheduleFirst Schedule

Related Acts

• The Finance Act, 197261 sections
• The General Insurance Business (Nationalisation) Act, 197248 sections
• The Interest-tax Act, 197437 sections
• The Finance Act, 197418 sections
• The Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 197417 sections
• The Taxation Laws (Extension to Jammu and Kashmir) Act, 19724 sections
• The Economic Offences (Inapplicability of Limitation) Act, 19742 sections
• The Delhi Sales Tax Act, 197575 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 24 sections of this Act has its own page. This page is not a substitute for legal advice.