An Act to give effect to the financial proposals of the Central Government for the financial year 1981-1982.

Act 16 of 1981 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1981

What this Act covers

The Finance Act for 1981. Its First Schedule carries the rates of income-tax for the year; the rest amends the Income-tax Act and the other fiscal statutes. The rate of tax for a year is fixed here and not in the Income-tax Act.

Sections

Type to filter. 47 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Insertion of new section 10A
4. 4Amendment of section 16
5. 5Amendment of section 32A
6. 6Amendment of section 33A
7. 7Amendment of section 36
8. 8Amendment of section 42
9. 9Amendment of section 80D
10. 10Amendment of section 80HHA
11. 11Amendment of section 80M
12. 12Amendment of section 80QQ
13. 13Amendment of section 86
14. 14Amendment of section 160
15. 15Insertion of new section 164A
16. 16Insertion of new section 167A
17. 17Amendment of section 208
18. 18Amendment of section 252
19. 19Amendment of section 253
20. 20Amendment of section 256
21. 21Amendment of section 269G
22. 22Insertion of new section 293A
23. 23Amendment of Ninth Schedule
24. 24Amendment of Eleventh Schedule
25. 25Consequential amendments
26. 26Amendment of section 21
27. 27Insertion of new section 21AA
28. 28Amendment of section 24
29. 29Amendment of section 26
30. 30Amendment of section 27
31. 31Amendment of section 41
32. 32Amendment of section 23
33. 33Amendment of section 25
34. 34Amendment of section 26
35. 35Amendment of section 2
36. 36Insertion of new sections 7A to 7D
37. 37Insertion of new sections 9A
38. 38Amendment of section 10
39. 39Amendment of section 11
40. 40Amendment of section 12
41. 41Amendment of section 18
42. 42Insertion of new section 24AA
43. 43Amendment of First Schedule
44. 44Amendment of Act 45 of 1974
45. 45Amendment of Act 54 of 1980
46. 53Amendment of Act 38 of 1974
47. First ScheduleFirst Schedule

Related Acts

• The National Bank for Agriculture and Rural Development Act, 198169 sections
• The Export-Import Bank of India Act, 198141 sections
• The Chit Funds Act, 198290 sections
• The Finance Act, 198047 sections
• The Finance Act, 198243 sections
• The Hotel-Receipts Tax Act, 198037 sections
• The Banking Companies (Acquisition and Transfer of Undertakings) Act, 198029 sections
• The State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act, 198220 sections

Provenance. 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.

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. Every one of the 47 sections of this Act has its own page. This page is not a substitute for legal advice.