An Act to give effect to the financial proposals of the Central Government for the financial year 1974-1975.

Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1974

What this Act covers

The Finance Act for 1974. 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. 18 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 10
4. 4Amendment of section 16
5. 5Amendment of section 36
6. 6Amendment of section 74A
7. 7Amendment of section 80MM
8. 8Amendment of section 80N
9. 9Amendment of section 80-O
10. 10Amendment of section 139
11. 11Amendment of section 209
12. 12Amendment of Fourth Schedule
13. 13Consequential amendments to certain sections
14. 14Amendment of Act 27 of 1957
15. 15Amendment of Act 7 of 1964
16. 16Continuance of development rebate in certain cases
17. 17Amendment of sections 80N and 80O of the Income-tax Act as they stood during certain periods
18. First ScheduleFirst Schedule

Related Acts

• The Interest-tax Act, 197437 sections
• The Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 197417 sections
• The Economic Offences (Inapplicability of Limitation) Act, 19742 sections
• The Delhi Sales Tax Act, 197575 sections
• The Finance Act, 197531 sections
• The Finance Act, 197324 sections
• The Customs Tariff Act, 197522 sections
• The Finance Act, 197261 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 18 sections of this Act has its own page. This page is not a substitute for legal advice.