Section14
The Finance Act, 1977

Amendment of section 55

In force Act 11 of 1977 As on 12 Oct 2026

Act 11 of 1977 Ministry Finance Enacted 06 Aug 1977 Cited by 1 provision

Section 14 of the Finance Act, 1977 deals with amendment of section 55. Amendment of section 55 14. In section 55 of the Income-tax Act, for the figures, letters and words "1st day of January, ", wherever they occur, the figures, letters and words "1st day of January, " shall be substituted with effect from the 1st day of April, 1978. The Act was enacted on 06 Aug 1977.

Amendment of section 55

14. In section 55 of the Income-tax Act, for the figures, letters and words "1st day of January, 1954", wherever they occur, the figures, letters and words "1st day of January, 1964" shall be substituted with effect from the 1st day of April, 1978.

[Finance (No.

2) Act, 1977]

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Section 14, The Finance Act, 1977 (Act 11 of 1977).

Cross-references

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

Questions about Section 14

What does Section 14 of the Finance Act deal with?

Section 14 of the Finance Act is headed "Amendment of section 55". Amendment of section 55 14. In section 55 of the Income-tax Act, for the figures, letters and words "1st day of January, ", wherever they occur, the figures, letters and words "1st day of January, " shall be substituted with effect from the 1st day of April, 1978.

How do I find court cases under Section 14 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 1977 14, section 14 Finance Act 1977, section 14 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 14 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 55 (Meaning of "adjusted", "cost of improvement" and "cost of acquisition"), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was Section 14 of the Finance Act enacted?

Section 14 of the Finance Act, cited as Finance Act 1977 14, was enacted on 06 Aug 1977 as Act 11 of 1977. 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.