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Section1
The Finance Act, 1981

Short title and commencement

In force Act 16 of 1981 As on 18 Oct 2026

Act 16 of 1981 Ministry Finance

Section 1 of the Finance Act, 1981 deals with short title and commencement. FINANCE ACT, 1981 No. 16 of [12th May, 1981.] An Act to give effect to the financial proposals of the Central Government for the financial year 1981-82.

FINANCE ACT, 1981

No. 16 of 1981

[12th May, 1981.]

An Act to give effect to the financial proposals of the Central Government for the financial year 1981-82.

Be it enacted by Parliament in the Thirty-second Year of the Republic of India as follows:—

CHAPTER I

Preliminary

Short title and commencement.

1. (1) This Act may be called the Finance Act, 1981.

(2) Save as otherwise provided in this Act, sections 2 to 45 and section 53 shall be deemed to have come into force on the 1st day of April, 1981.

[Finance Act, 1981]

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Section 1, The Finance Act, 1981 (Act 16 of 1981).

Cross-references

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

This section refers to

  1. s. 2 Income-tax
  2. s. 45 Amendment of Act 54 of 1980
  3. s. 53 Amendment of Act 38 of 1974

Questions about Section 1

What does Section 1 of the Finance Act deal with?

Section 1 of the Finance Act is headed "Short title and commencement". FINANCE ACT, 1981 No. 16 of [12th May, 1981.] An Act to give effect to the financial proposals of the Central Government for the financial year 1981-82.

How do I find court cases under Section 1 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 1981 1, section 1 Finance Act 1981, section 1 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 1 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), section 45 (Amendment of Act 54 of 1980), section 53 (Amendment of Act 38 of 1974), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 1981 as Act 16 of 1981. 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.