Amendment of section 4
Section 23 of the Finance Act, 1979 deals with amendment of section 4. Wealth-tax Amendment of section 4. 23. In the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act), in section 4, with effect from the 1st day of April, 1980,— (a) in sub-section (1A), for the words and brackets " into the common stock of the family (such property being The Act was enacted on 10 May 1979.
Wealth-tax
Amendment of section 4.
23. In the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act), in section 4, with effect from the 1st day of April, 1980,—
(a) in sub-section (1A), for the words and brackets " into the common stock of the family (such property being hereinafter referred to as the converted property)", the words and brackets "into the common stock of the family or been transferred by the individual, directly or indirectly, to the family otherwise than for adequate consideration (the property so converted or transferred being hereinafter referred to as the converted property) " shall be substituted ;
(b) in sub-section (3), after the words, brackets, letter and figure " clause (a) of sub-section (1)", the words, brackets, figure and letter "or sub-section (1A)" shall be inserted.
[Finance Act, 1979]
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Section 23, The Finance Act, 1979 (Act 21 of 1979).
Cross-references
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Questions about Section 23
What does Section 23 of the Finance Act deal with?
Section 23 of the Finance Act is headed "Amendment of section 4". Wealth-tax Amendment of section 4. 23. In the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act), in section 4, with effect from the 1st day of April, 1980,— (a) in sub-section (1A), for the words and brackets " into the common stock of the family (such property being
How do I find court cases under Section 23 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 23, section 23 Finance Act 1979, section 23 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 23 of the Finance Act, and has it changed?
Its own text turns on section 4 (Amendment of section 35B), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When was Section 23 of the Finance Act enacted?
Section 23 of the Finance Act, cited as Finance Act 1979 23, 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
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.