Section7
The Finance Act, 1974

Amendment of section 80MM

In force As on 08 Oct 2026

Ministry Finance

Section 7 of the Finance Act, 1974 deals with amendment of section 80MM. Amendment of section 80MM. 7. In section 80MM of the Income-tax Act, with effect from the 1st day of April, 1975,— (a) in sub-section (1), the words and brackets "or a person (other than a company) who is resident in India" shall be omitted;

Amendment of section 80MM.

7. In section 80MM of the Income-tax Act, with effect from the 1st day of April, 1975,—

(a) in sub-section (1), the words and brackets "or a person (other than a company) who is resident in India" shall be omitted;

(b) sub-section (2A) shall be omitted.

[Finance Act, 1974]

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Section 7, The Finance Act, 1974.

Questions about Section 7

What does Section 7 of the Finance Act deal with?

Section 7 of the Finance Act is headed "Amendment of section 80MM". Amendment of section 80MM. 7. In section 80MM of the Income-tax Act, with effect from the 1st day of April, 1975,— (a) in sub-section (1), the words and brackets "or a person (other than a company) who is resident in India" shall be omitted;

How do I find court cases under Section 7 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 1974 7, section 7 Finance Act 1974, section 7 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When was the Finance Act enacted?

Finance Act was enacted in 1974. India Code records no commencement date for it. 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.