Section16
The Finance Act, 1976

Amendment of section 80C

In force Act 66 of 1976 As on 16 Oct 2026

Act 66 of 1976 Ministry Finance Enacted 27 May 1976

Section 16 of the Finance Act, 1976 deals with amendment of section 80C. Amendment of section 80C 16. In section 80C of the Income-tax Act, in clause (d) of sub-section (2), for the words "eight thousand rupees", the words "ten thousand rupees "shall be substituted with effect from the 1st day of April, 1977. The Act was enacted on 27 May 1976.

Amendment of section 80C

16. In section 80C of the Income-tax Act, in clause (d) of sub-section (2), for the words "eight thousand rupees", the words "ten thousand rupees "shall be substituted with effect from the 1st day of April, 1977.

[Finance Act, 1976]

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Section 16, The Finance Act, 1976 (Act 66 of 1976).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Questions about Section 16

What does Section 16 of the Finance Act deal with?

Section 16 of the Finance Act is headed "Amendment of section 80C". Amendment of section 80C 16. In section 80C of the Income-tax Act, in clause (d) of sub-section (2), for the words "eight thousand rupees", the words "ten thousand rupees "shall be substituted with effect from the 1st day of April, 1977.

How do I find court cases under Section 16 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 1976 16, section 16 Finance Act 1976, section 16 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 16 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.

When was Section 16 of the Finance Act enacted?

Section 16 of the Finance Act, cited as Finance Act 1976 16, was enacted on 27 May 1976 as Act 66 of 1976. 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.