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Section3
The Finance Act, 1977

Amendment of section 2

In force Act 11 of 1977 As on 07 Oct 2026

Act 11 of 1977 Ministry Finance Enacted 06 Aug 1977 Cited by 2 provisions

Section 3 of the Finance Act, 1977 deals with amendment of section 2. CHAPTER. III DIRECT TAXES Income-tax Amendment of section 2 3. The Act was enacted on 06 Aug 1977.

CHAPTER. III

DIRECT TAXES

Income-tax

Amendment of section 2

3. In section 2 of the Income-tax Act, in clause (42A), for the words "sixty months", the words "thirty-six months" shall be substituted with effect from the 1st day of April, 1978.

[Finance (No.

2) Act, 1977]

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Section 3, 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

  1. s. 2 Income-tax
  2. Income-tax Act s. 2 Definitions

Referred to by 2

  1. s. 38 Amendment of Act 8 of 1976
  2. s. Fifth Schedule Fifth Schedule

Questions about Section 3

What does Section 3 of the Finance Act deal with?

Section 3 of the Finance Act is headed "Amendment of section 2". CHAPTER. III DIRECT TAXES Income-tax Amendment of section 2 3.

How do I find court cases under Section 3 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 3, section 3 Finance Act 1977, section 3 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 3 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), Income-tax Act 2 (Definitions), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was Section 3 of the Finance Act enacted?

Section 3 of the Finance Act, cited as Finance Act 1977 3, 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.