Amendment of section 6
Section 35 of the Finance Act, 1982 deals with amendment of section 6. Amendment of section 6. 35. In section 6 of the Wealth-tax Act, after Explanation 1, the following Explanation shall be inserted, namely: — "Explanation 1A.—Where in the case of an individual the value of an asset in India is represented by any debt owing to him, being any moneys to his credit in a
Amendment of section 6.
35. In section 6 of the Wealth-tax Act, after Explanation 1, the following Explanation shall be inserted, namely: —
"Explanation 1A.—Where in the case of an individual the value of an asset in India is represented by any debt owing to him, being any moneys to his credit in a Non-resident (External) Account, the interest payable on which is not to be included in his total income under clause (4A) of section 10 of the Income-tax Act, the provisions of this section shall, in relation to such asset, apply subject to the modification that the reference in this section to an individual not resident in India shall be construed as a reference to a person resident outside India as defined in clause (q) of section 2 of the Foreign Exchange Regulation Act, 1973 (46 of 1973) .".
[Finance Act, 1982]
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Section 35, The Finance Act, 1982 (Act 14 of 1982).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 35
What does Section 35 of the Finance Act deal with?
Section 35 of the Finance Act is headed "Amendment of section 6". Amendment of section 6. 35. In section 6 of the Wealth-tax Act, after Explanation 1, the following Explanation shall be inserted, namely: — "Explanation 1A.—Where in the case of an individual the value of an asset in India is represented by any debt owing to him, being any moneys to his credit in a
How do I find court cases under Section 35 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 1982 35, section 35 Finance Act 1982, section 35 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 35 of the Finance Act, and has it changed?
Its own text turns on section 6 (Amendment of section 16), Income-tax Act 10 (Incomes not included in total income), Wealth-tax Act 6 (Exclusion of assets and debts outside India), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1982 as Act 14 of 1982. 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
- 2. Income tax2087 words
- 18. Insertion of new section 80 MMB957 words
- 4. Amendment of section 10827 words
- 13. Amendment of section 80 C703 words
- 12. Insertion of new section 54F613 words
- 22. Insertion of new section. 89A600 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.