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Section18
The Finance Act, 1978

Amendment of section 80P

In force Act 19 of 1978 As on 16 Oct 2026

Act 19 of 1978 Ministry Finance Enacted 12 May 1978

Section 18 of the Finance Act, 1978 deals with amendment of section 80P. Amendment of section 80P. 18. In section 80P of the Income-tax Act, in sub-section (2), for clause (b), the following clause shall be substituted with effect from the 1st day of April, 1979, namely :— " (b) in the case of a co-operative society, being a primary society engaged in supplying milk rais The Act was enacted on 12 May 1978.

Amendment of section 80P.

18. In section 80P of the Income-tax Act, in sub-section (2), for clause (b), the following clause shall be substituted with effect from the 1st day of April, 1979, namely :—

" (b) in the case of a co-operative society, being a primary society engaged in supplying milk raised by its members to—

(i) a federal milk co-operative society; or

(ii) the Government or a local authority ; or

(iii) a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956), or a corporation established by or under a Central, State or Provincial Act (being a company or corporation engaged in supplying milk to the public), the whole of the amount of profits and gains of such business ; " .

[Finance Act, 1978]

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Section 18, 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. Income-tax Act s. 80P Deduction in respect of income of co-operative societies

Questions about Section 18

What does Section 18 of the Finance Act deal with?

Section 18 of the Finance Act is headed "Amendment of section 80P". Amendment of section 80P. 18. In section 80P of the Income-tax Act, in sub-section (2), for clause (b), the following clause shall be substituted with effect from the 1st day of April, 1979, namely :— " (b) in the case of a co-operative society, being a primary society engaged in supplying milk rais

How do I find court cases under Section 18 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 18, section 18 Finance Act 1978, section 18 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 18 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 80P (Deduction in respect of income of co-operative societies), so none of them can safely be read on its own.

When was Section 18 of the Finance Act enacted?

Section 18 of the Finance Act, cited as Finance Act 1978 18, 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.