An Act to give effect to the financial proposals of the Central Government for the financial year 1976-1977.

Act 66 of 1976 Enacted 27 May 1976 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1976

What this Act covers

The Finance Act for 1976. 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. 32 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 2
4. 4Amendment of section 9
5. 5Amendment of section 10
6. 6Amendment of section 13
7. 7Amendment of section 32
8. 8Insertion of new section 32A
9. 9Amendment of section 37
10. 10Insertion of new sections 44C and 44D
11. 11Amendment of section 47
12. 12Omission of section 54C
13. 13Amendment of section 57
14. 14Amendment of section 58
15. 15Amendment of section 80A
16. 16Amendment of section 80C
17. 17Amendment of section 80G
18. 18Amendment of section 80M
19. 19Amendment of section 115
20. 20Insertion of new sections 115A and 115B
21. 21Amendment of section 155
22. 22Amendment of section 195
23. 23Amendment of First Schedule
24. 24Amendment of Eighth Schedule
25. 25Amendmentof Ninth Schedule
26. 26Consequential amendments to certain sections
27. 27Amendment of Act 27 of 1957
28. 28Amendment of Act 18 of 1958
29. 29Amendment of Act 7 of 1964
30. 30Amendment of Act 45 of 1974
31. 43Amendment of Act 38 of 1974
32. First ScheduleFirst Schedule

Related Acts

• The Regional Rural Banks Act, 197637 sections
• The Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 197629 sections
• The Life Insurance Corporation (Modification of Settlements) Act, 19763 sections
• The Departmentalisation of Union Accounts (Transfer of Personnel) Act, 19763 sections
• The Delhi Sales Tax Act, 197575 sections
• The Finance Act, 197737 sections
• The Finance Act, 197531 sections
• The Customs Tariff Act, 197522 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 32 sections of this Act has its own page. This page is not a substitute for legal advice.