Amendment of section 194
Section 24 of the Finance Act, 1977 deals with amendment of section 194. Amendment of section 194 24. In section 194 of the Income-tax Act, with effect from the 1st day of October, 1977 — (a) in the proviso, for the words "Provided that", the words "Provided further that" shall be substituted; The Act was enacted on 06 Aug 1977.
Amendment of section 194
24. In section 194 of the Income-tax Act, with effect from the 1st day of October, 1977 —
(a) in the proviso, for the words "Provided that", the words "Provided further that" shall be substituted;
(b) before the proviso as so amended, the following proviso shall be inserted, namely: —
"Provided that no such deduction shall be made in the case of any shareholder, not being a company, if—
(a) the shareholder is resident in India;
(b) the amount of such dividend does not exceed two hundred and fifty rupees; and
(c) the shareholder furnishes to the person responsible for paying the dividend a statement in writing in the prescribed form and verified in the prescribed manner declaring that his estimated total income of the previous year in which such dividend is to be included under the provisions of section 8 will be less than the minimum liable to income-tax:".
[Finance (No.
2) Act, 1977]
© Copyright. Taxmann Publications Pvt. Ltd.
Section 24, 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.
This section refers to
Referred to by 2
Questions about Section 24
What does Section 24 of the Finance Act deal with?
Section 24 of the Finance Act is headed "Amendment of section 194". Amendment of section 194 24. In section 194 of the Income-tax Act, with effect from the 1st day of October, 1977 — (a) in the proviso, for the words "Provided that", the words "Provided further that" shall be substituted;
How do I find court cases under Section 24 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 24, section 24 Finance Act 1977, section 24 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 24 of the Finance Act, and has it changed?
Its own text turns on section 8 (Amendment of section 24), Income-tax Act 194 (Dividends), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When was Section 24 of the Finance Act enacted?
Section 24 of the Finance Act, cited as Finance Act 1977 24, 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
- First Schedule. First Schedule6584 words
- Fifth Schedule. Fifth Schedule3796 words
- 2. Income-tax1831 words
- 18. Insertion of new section 80HHA832 words
- 38. Amendment of Act 8 of 1976797 words
- 9. Amendment of section 32A676 words
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.