Amendment of section 80P
Section 14 of the Finance Act, 1979 deals with amendment of section 80P. Amendment of section 80P. 14. In section 80P of the Income-tax Act, in sub-section (2), in clause (c), for the words " so much of its profits and gains attributable to such activities as does not exceed twenty thousand rupees;", the following shall be substituted with effect from the 1st day of Apri The Act was enacted on 10 May 1979.
Amendment of section 80P.
14. In section 80P of the Income-tax Act, in sub-section (2), in clause (c), for the words " so much of its profits and gains attributable to such activities as does not exceed twenty thousand rupees;", the following shall be substituted with effect from the 1st day of April, 1980, namely :—
' so much of its profits and gains attributable to such activities as does not exceed,—
(i) where such co-operative society is a consumers' co-operative society, forty thousand rupees ; and
(ii) in any other case, twenty thousand rupees.
Explanation.—In this clause, " consumers' co-operative society " means a society for the benefit of the consumers ;'.
[Finance Act, 1979]
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Section 14, The Finance Act, 1979 (Act 21 of 1979).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
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Questions about Section 14
What does Section 14 of the Finance Act deal with?
Section 14 of the Finance Act is headed "Amendment of section 80P". Amendment of section 80P. 14. In section 80P of the Income-tax Act, in sub-section (2), in clause (c), for the words " so much of its profits and gains attributable to such activities as does not exceed twenty thousand rupees;", the following shall be substituted with effect from the 1st day of Apri
How do I find court cases under Section 14 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 1979 14, section 14 Finance Act 1979, section 14 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 14 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 14 of the Finance Act enacted?
Section 14 of the Finance Act, cited as Finance Act 1979 14, was enacted on 10 May 1979 as Act 21 of 1979. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule7215 words
- 2. Income-tax1924 words
- 8. Amendment of section 54E812 words
- 26. Amendment of Schedule I446 words
- 3. Amendment of section 10434 words
- 6. Amendment of section 36419 words
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