Amendment of section 35CCA
Section 5 of the Finance Act, 1979 deals with amendment of section 35CCA. Amendment of section 35CCA. 5. In section 35CCA of the Income-tax Act, with effect from the 1st day of June, 1979,— (a) for sub-section (1), the following sub-section shall be substituted, namely:— "(1) Where an assessee incurs any expenditure by way of payment of any sum— (a) to an association or i The Act was enacted on 10 May 1979.
Amendment of section 35CCA.
5. In section 35CCA of the Income-tax Act, with effect from the 1st day of June, 1979,—
(a) for sub-section (1), the following sub-section shall be substituted, namely:—
"(1) Where an assessee incurs any expenditure by way of payment of any sum—
(a) to an association or institution, which has as its object the undertaking of any programme of rural development, to be used for carrying out any programme of rural development approved by the prescribed authority ; or
(b) to an association or institution, which has as its object the training of persons for implementing programmes of rural development,
the assessee shall, subject to the provisions of sub-section (2), be allowed a deduction of the amount of such expenditure incurred during the previous year. ";
(b) in sub-section (2), for the portion beginning with the words " This section applies" and ending with the words " in this behalf by the prescribed authority : ", the following shall be substituted, namely :—
" The deduction under sub-section (1) shall not be allowed with respect to expenditure by way of payment of any sum to any association or institution, unless such association or institution is for the time being approved in this behalf by the prescribed authority : " .
[Finance Act, 1979]
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Section 5, 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.
Questions about Section 5
What does Section 5 of the Finance Act deal with?
Section 5 of the Finance Act is headed "Amendment of section 35CCA". Amendment of section 35CCA. 5. In section 35CCA of the Income-tax Act, with effect from the 1st day of June, 1979,— (a) for sub-section (1), the following sub-section shall be substituted, namely:— "(1) Where an assessee incurs any expenditure by way of payment of any sum— (a) to an association or i
How do I find court cases under Section 5 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 5, section 5 Finance Act 1979, section 5 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 5 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 35CCA (Expenditure by way of payment to associations and institutions for carrying out rural development programmes), so none of them can safely be read on its own.
When was Section 5 of the Finance Act enacted?
Section 5 of the Finance Act, cited as Finance Act 1979 5, 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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