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Section41
The Finance Act, 1980

Amendment of Schedule I

In force Act 44 of 1980 As on 17 Oct 2026

Act 44 of 1980 Ministry Finance Cited by 1 provision

Section 41 of the Finance Act, 1980 deals with amendment of Schedule I. Amendment of Schedule I 41. In the Wealth-tax Act, in Part I of Schedule I,— (a) in item (1), in the proviso, for the letters and figures "Rs.

Amendment of Schedule I

41. In the Wealth-tax Act, in Part I of Schedule I,—

(a) in item (1), in the proviso, for the letters and figures "Rs. 1,00,000", at both the places where they occur, the letters and figures "Rs, 1,50,000" shall be substituted';

(b) in item (2) —

(i) in the opening portion, for the words, letters and figures " assessment year exceeds Rs. 1,00,000", the words, letters and figures "assessment year exceeds Rs. 1,50,000" shall be substituted;

(ii) in the proviso, for the letters and figures "Rs. 1,00,000", at both the places where they occur, the letters and figures "Rs.1,50,000" shall be substituted.

[Finance (No.

2) Act, 1980]

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Section 41, The Finance Act, 1980 (Act 44 of 1980).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Referred to by 1

  1. s. 11 Amendment of section 41

Questions about Section 41

What does Section 41 of the Finance Act deal with?

Section 41 of the Finance Act is headed "Amendment of Schedule I". Amendment of Schedule I 41. In the Wealth-tax Act, in Part I of Schedule I,— (a) in item (1), in the proviso, for the letters and figures "Rs.

How do I find court cases under Section 41 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 1980 41, section 41 Finance Act 1980, section 41 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 41 of the Finance Act, and has it changed?

1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 1980 as Act 44 of 1980. India Code records no commencement date for it. 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.