Amendment of section 16
Section 4 of the Finance Act, 1981 deals with amendment of section 16. Amendment of section 16. 4. In section 16 of the Income-tax Act, in clause (i), with effect from the 1st day of April, 1982,— (a) for the portion beginning with the words "a sum calculated" and ending with the words "whichever is less", the following shall be substituted, namely:— "a sum equal to tw
Amendment of section 16.
4. In section 16 of the Income-tax Act, in clause (i), with effect from the 1st day of April, 1982,—
(a) for the portion beginning with the words "a sum calculated" and ending with the words "whichever is less", the following shall be substituted, namely:—
"a sum equal to twenty per cent. of the salary or five thousand rupees, whichever is less";
(b) in the proviso, clause (i) shall be omitted.
[Finance Act, 1981]
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Section 4, The Finance Act, 1981 (Act 16 of 1981).
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Questions about Section 4
What does Section 4 of the Finance Act deal with?
Section 4 of the Finance Act is headed "Amendment of section 16". Amendment of section 16. 4. In section 16 of the Income-tax Act, in clause (i), with effect from the 1st day of April, 1982,— (a) for the portion beginning with the words "a sum calculated" and ending with the words "whichever is less", the following shall be substituted, namely:— "a sum equal to tw
How do I find court cases under Section 4 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 4, section 4 Finance Act 1981, section 4 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 4 of the Finance Act, and has it changed?
Its own text turns on section 16 (Insertion of new section 167A), Income-tax Act 16 (Deductions from salaries), 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
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.