Amendment of section 86
Section 13 of the Finance Act, 1981 deals with amendment of section 86. Amendment of section 86. 13. In section 86 of the Income-tax Act, in clause (v), the follow-lag Explanation shall be inserted, namely:— "Explanation.—For the purposes of this clause, in the case of an association of persons which is assessable under section 167A, each of the members of the associati
Amendment of section 86.
13. In section 86 of the Income-tax Act, in clause (v), the follow-lag Explanation shall be inserted, namely:—
"Explanation.—For the purposes of this clause, in the case of an association of persons which is assessable under section 167A, each of the members of the association whose shares in the income or, as the case may be, part of the income of such association are indeterminate or unknown, shall be deemed to be entitled to receive an equal share in the total income or, as the case may be, such part of the total income of the association and the individual share of such member in such total income or, as the case may be, part of the total income shall be determined accordingly.".
[Finance Act, 1981]
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Section 13, 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.
Questions about Section 13
What does Section 13 of the Finance Act deal with?
Section 13 of the Finance Act is headed "Amendment of section 86". Amendment of section 86. 13. In section 86 of the Income-tax Act, in clause (v), the follow-lag Explanation shall be inserted, namely:— "Explanation.—For the purposes of this clause, in the case of an association of persons which is assessable under section 167A, each of the members of the associati
How do I find court cases under Section 13 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 13, section 13 Finance Act 1981, section 13 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 13 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 86 (Share of member of an association of persons or body of individuals in the income of the association or body), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
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
- First Schedule. First Schedule7383 words
- 36. Insertion of new sections 7A to 7D2293 words
- 2. Income-tax1988 words
- 3. Insertion of new section 10A1080 words
- 37. Insertion of new sections 9A858 words
- 27. Insertion of new section 21AA541 words
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