Amendment of section 13
Section 7 of the Finance Act, 1977 deals with amendment of section 13. Amendment of section 13 7. In section 13 of the Income-tax Act, with effect from the 1st day of April, 1978,— (a) in sub-section (1), in clause (d),— (i) for the figures, letters and words "1st day of April, ", the figures, letters and words "1st day of April, " shall be Substituted; The Act was enacted on 06 Aug 1977.
Amendment of section 13
7. In section 13 of the Income-tax Act, with effect from the 1st day of April, 1978,—
(a) in sub-section (1), in clause (d),—
(i) for the figures, letters and words "1st day of April, 1979", the figures, letters and words "1st day of April, 1982" shall be Substituted;
(ii) for the figures, letters and words "1st day of April, 1978", the figures, letters and words "1st day of April. 1981" shall be substituted;
(b) in sub-section (5), in clause (a), for sub-clause (iii), the following sub-clause shall be substituted, namely: —
' (iii) deposit in any account with a scheduled bank or a co-operative society engaged in carrying on the business of banking (including a co-operative land mortgage bank or a cooperative land development bank).
Explanation.—In this sub-clause, "scheduled bank" shall have the same meaning as in the Explanation at the end of clause (b) of sub-section (2) of section 11.'.
[Finance (No.
2) Act, 1977]
© Copyright. Taxmann Publications Pvt. Ltd.
Section 7, 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 7
What does Section 7 of the Finance Act deal with?
Section 7 of the Finance Act is headed "Amendment of section 13". Amendment of section 13 7. In section 13 of the Income-tax Act, with effect from the 1st day of April, 1978,— (a) in sub-section (1), in clause (d),— (i) for the figures, letters and words "1st day of April, ", the figures, letters and words "1st day of April, " shall be Substituted;
How do I find court cases under Section 7 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 7, section 7 Finance Act 1977, section 7 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 7 of the Finance Act, and has it changed?
Its own text turns on section 11 (Amendment of section 36), section 13 (Insertion of new section 54E), Income-tax Act 13 (Section 11 not to apply in certain cases), so none of them can safely be read on its own.
When was Section 7 of the Finance Act enacted?
Section 7 of the Finance Act, cited as Finance Act 1977 7, 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.