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Section1
The Finance Act, 1978

Short title and commencement

In force Act 19 of 1978 As on 19 Oct 2026

Act 19 of 1978 Ministry Finance Enacted 12 May 1978 Cited by 1 provision

Section 1 of the Finance Act, 1978 deals with short title and commencement. FINANCE ACT, 1978 (No. 19 OF 1978) [12th May, 1978] An Act to give effect to the financial proposals of the Central Government for the financial year 1978-79. The Act was enacted on 12 May 1978.

FINANCE ACT, 1978

(No. 19 OF 1978)

[12th May, 1978]

An Act to give effect to the financial proposals of the Central Government for the financial year 1978-79.

BE it enacted by Parliament in the Twenty-ninth Year of the Republic of India as follows :—

CHAPTER I

PRELIMINARY

Short title and commencement.

1. (l) This Act may be called the Finance Act, 1978.

(2) Save as otherwise provided in this Act, sections 2 to 33 and section 40 shall be deemed to have come into force on the 1st day of April, 1978.

[Finance Act, 1978]

© Copyright. Taxmann Publications Pvt. Ltd.

Section 1, The Finance Act, 1978 (Act 19 of 1978).

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. s. 33 Amendment of Act 45 of 1974
  3. s. 40 Amendment of Act 38 of 1974

Referred to by 1

  1. s. Schedule Schedule

Questions about Section 1

What does Section 1 of the Finance Act deal with?

Section 1 of the Finance Act is headed "Short title and commencement". FINANCE ACT, 1978 (No. 19 OF 1978) [12th May, 1978] An Act to give effect to the financial proposals of the Central Government for the financial year 1978-79.

How do I find court cases under Section 1 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 1978 1, section 1 Finance Act 1978, section 1 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 1 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), section 33 (Amendment of Act 45 of 1974), section 40 (Amendment of Act 38 of 1974), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was Section 1 of the Finance Act enacted?

Section 1 of the Finance Act, cited as Finance Act 1978 1, was enacted on 12 May 1978 as Act 19 of 1978. 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.