An Act to give effect to the financial proposals of the Central Government for the financial year 1978-1979.

Act 19 of 1978 Enacted 12 May 1978 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1978

What this Act covers

The Finance Act for 1978. 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. 35 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 6
4. 4Amendment of section 23
5. 5Amendment of section 32
6. 6Amendment of section 35B
7. 7Insertion of new section 35CCA
8. 8Amendment of section 37
9. 9Amendment of section 52
10. 10Amendment of section 54
11. 11Amendment of section 54B
12. 12Amendment of section 54D
13. 13Amendment of section 54E
14. 14Amendment of section 72A
15. 15Amendment of section 80A
16. 16Amendment of section 80C
17. 17Insertion of new section 80CC
18. 18Amendment of section 80P
19. 19Amendment of section 155
20. 20Amendment of section 193
21. 21Insertion of new section 194BB
22. 22Amendment of section 208
23. 23Amendment of section 209
24. 24Insertion of new section 209A
25. 25Amendment of section 211
26. 26Amendment of section 212
27. 27Amendment of section 215
28. 28Amendment of section 216
29. 29Amendment of section 217
30. 30Substitution of new section for section 218
31. 31Amendment of section 273
32. 32Consequential amendments to certain sections
33. 33Amendment of Act 45 of 1974
34. 40Amendment of Act 38 of 1974
35. ScheduleSchedule

Related Acts

• The Prize Chits and Money Circulation Schemes (Banning) Act, 197814 sections
• The Interest Act, 19786 sections
• The Finance Act, 197737 sections
• The Finance Act, 197929 sections
• The Union Duties of Excise (Distribution) Act, 19796 sections
• The Finance Act, 198047 sections
• The Hotel-Receipts Tax Act, 198037 sections
• The Regional Rural Banks Act, 197637 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 35 sections of this Act has its own page. This page is not a substitute for legal advice.