An Act to give effect to the financial proposals of the Central Government for the financial year 1977-1978.

Act 11 of 1977 Enacted 06 Aug 1977 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1977

What this Act covers

The Finance Act for 1977. 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. 37 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 11
7. 7Amendment of section 13
8. 8Amendment of section 24
9. 9Amendment of section 32A
10. 10Insertion of new section 35CC
11. 11Amendment of section 36
12. 12Amendment of section 50
13. 13Insertion of new section 54E
14. 14Amendment of section 55
15. 15Insertion of new section 72A
16. 16Amendment of section 80G
17. 17Amendment of section 80HH
18. 18Insertion of new section 80HHA
19. 19Substitution of new section for section 80RRA
20. 20Amendment of section 104
21. 21Amendment of section 109
22. 22Amendment of section 115A
23. 23Amendment of section 155
24. 24Amendment of section 194
25. 25Insertion of new section 206B
26. 26Amendment of section 208
27. 27Amendment of section 273
28. 28Insertion of new Eleventh Schedule
29. 29Consequential amendments to certain sections
30. 30Amendment of Act 27 of 1957
31. 37Amendment of Act 47 of 1974
32. 38Amendment of Act 8 of 1976
33. 39Amendment of Income-tax Act, etc., to provide for a new appellate authority thereunder
34. 40Power to exempt feature films, etc., from payment of excise duty
35. 41Repeal
36. First ScheduleFirst Schedule
37. Fifth ScheduleFifth Schedule

Related Acts

• The Regional Rural Banks Act, 197637 sections
• The Finance Act, 197835 sections
• The Finance Act, 197632 sections
• The Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 197629 sections
• The Prize Chits and Money Circulation Schemes (Banning) Act, 197814 sections
• The Interest Act, 19786 sections
• The Life Insurance Corporation (Modification of Settlements) Act, 19763 sections
• The Departmentalisation of Union Accounts (Transfer of Personnel) Act, 19763 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 37 sections of this Act has its own page. This page is not a substitute for legal advice.