Amendment of section 80C
Section 10 of the Finance Act, 1975 deals with amendment of section 80C. Amendment of section 80C 10. In section 80C of the Income-tax Act, for sub-section (1), the following sub-section shall be substituted with effect from the 1st day of April, 1976, namely:— "(1) In computing the total income of an assessee, there shall be deducted, in accordance with and subject to t The Act was enacted on 09 May 1975.
Amendment of section 80C
10. In section 80C of the Income-tax Act, for sub-section (1), the following sub-section shall be substituted with effect from the 1st day of April, 1976, namely:—
"(1) In computing the total income of an assessee, there shall be deducted, in accordance with and subject to the provisions of this section, an amount calculated, with reference to the aggregate of the sums specified in sub-section (2), at the following rates, namely: —
(a) where such aggregate does not exceed Rs. 4,000 The whole of such aggregate; (b) where such aggregate exceeds Rs. 4,000 but does not exceed Rs. 10,000 Rs. 4,000 plus 50 per cent, of the amount by which such aggre- gate exceeds Rs. 4,000; (c) where such aggregate exceeds Rs. 10,000 Rs. 7,000 plus 46 per cent. of the amount by which such aggregate exceeds Rs. 10,000.". [Finance Act, 1975]
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Section 10, The Finance Act, 1975 (Act 25 of 1975).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 10
What does Section 10 of the Finance Act deal with?
Section 10 of the Finance Act is headed "Amendment of section 80C". Amendment of section 80C 10. In section 80C of the Income-tax Act, for sub-section (1), the following sub-section shall be substituted with effect from the 1st day of April, 1976, namely:— "(1) In computing the total income of an assessee, there shall be deducted, in accordance with and subject to t
How do I find court cases under Section 10 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 1975 10, section 10 Finance Act 1975, section 10 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 10 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 80C (Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was Section 10 of the Finance Act enacted?
Section 10 of the Finance Act, cited as Finance Act 1975 10, was enacted on 09 May 1975 as Act 25 of 1975. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule5362 words
- 2. Income-tax1610 words
- 6. Amendment of section 40A1382 words
- 12. Amendment of section 80J1302 words
- 3. Amendment of section 10609 words
- 24. Consequential amendments to certain sections440 words
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