# The Finance Act, 1976, Section 6: Amendment of section 13

- Act: The Finance Act, 1976 (Act 66 of 1976)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1976/section/6/

## Text

Amendment of section 13 6. In section 13 of the Income-tax Act, in sub-section (5) [as directed to be inserted by clause (iii) of section 5 of the Taxation Laws (Amendment) Act, 1975 (41 of 1975)], for clause (a) (iii) the following clause shall be substituted with effect from the 1st day of April, 1977, namely: — "(iii) deposit in any account with the State Bank of India constituted under the State Bank of India Act. 1955 (23 of 1955.) or any subsi- diary, bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959) or any nationalised bank, that is to say, any eorres ponding new bank constituted under section 3 of the Banking Com- panics, (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970);". [Finance Act, 1976] © Copyright. Taxmann Publications Pvt. Ltd.

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