Amendment of First Schedule
Section 43 of the Finance Act, 1981 deals with amendment of First Schedule. Amendment of First Schedule. 43. In the First Schedule to the Companies (Profits) Surtax Act, in rule 1, the following Explanation shall be added at the end, namely:— "Explanation.—Notwithstanding anything contained in any clause of this rule, the amount of any income or profits and gains which is r
Amendment of First Schedule.
43. In the First Schedule to the Companies (Profits) Surtax Act, in rule 1, the following Explanation shall be added at the end, namely:—
"Explanation.—Notwithstanding anything contained in any clause of this rule, the amount of any income or profits and gains which is required to be excluded from the total income under that clause shall be only the amount of such income or profits and gains as computed in accordance with the provisions of the Income-tax Act (except Chapter VIA thereof), and in a case where any deduction is required to be allowed in respect of any such income or profits and gains under the said Chapter VIA, the amount of such income or profits and gains computed as aforesaid as reduced by the amount of such deduction.".
[Finance Act, 1981]
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Section 43, The Finance Act, 1981 (Act 16 of 1981).
Questions about Section 43
What does Section 43 of the Finance Act deal with?
Section 43 of the Finance Act is headed "Amendment of First Schedule". Amendment of First Schedule. 43. In the First Schedule to the Companies (Profits) Surtax Act, in rule 1, the following Explanation shall be added at the end, namely:— "Explanation.—Notwithstanding anything contained in any clause of this rule, the amount of any income or profits and gains which is r
How do I find court cases under Section 43 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 43, section 43 Finance Act 1981, section 43 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
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.