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Section21
The Finance Act, 1975

Amendment of section 195

In force Act 25 of 1975 As on 15 Oct 2026

Act 25 of 1975 Ministry Finance Enacted 09 May 1975

Section 21 of the Finance Act, 1975 deals with amendment of section 195. Amendment of section 195 21. In section 195 of the Income-tax Act, in sub-section (1), after the proviso, the following proviso shall be inserted, namely:— 'Provided further that the deduction of income-tax from any sum. The Act was enacted on 09 May 1975.

Amendment of section 195

21. In section 195 of the Income-tax Act, in sub-section (1), after the proviso, the following proviso shall be inserted, namely:—

'Provided further that the deduction of income-tax from any sum. being income chargeable under the head "Capital gains" relating to capital assets other than short-term capital assets, paid to a company which is neither an Indian company nor a company which has made the prescribed arrangements for the declaration and payment of dividends within India, shall be of an amount equal to the amount of income-tax on such sum calculated in accordance with the provisions of clause (i) of section 115.'.

[Finance Act, 1975]

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Section 21, 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.

This section refers to

  1. Income-tax Act s. 195 Other sums

Questions about Section 21

What does Section 21 of the Finance Act deal with?

Section 21 of the Finance Act is headed "Amendment of section 195". Amendment of section 195 21. In section 195 of the Income-tax Act, in sub-section (1), after the proviso, the following proviso shall be inserted, namely:— 'Provided further that the deduction of income-tax from any sum.

How do I find court cases under Section 21 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 21, section 21 Finance Act 1975, section 21 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 21 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 195 (Other sums), so none of them can safely be read on its own.

When was Section 21 of the Finance Act enacted?

Section 21 of the Finance Act, cited as Finance Act 1975 21, 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

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.