# The Finance Act, 1982, Section 5: Amendment of section 13

- Act: The Finance Act, 1982 (Act 14 of 1982)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1982/section/5/

## Text

Amendment of section 13. 5. In section 13 of the Income-tax Act,— (a) in sub-section (2), in clause (d),— (i) for the figures, letters and words "1st day of April, 1982", the figures, letters and words "1st day of April, 1985" shall be substituted; (ii) for the figures, letters and words "1st day of April, 1981", the figures, letters and words "1st day of April, 198"2" shall De substituted; (b) in sub-section (5),— (i) in clause (a), after sub-clause (i), the following sub-clause shall be inserted, namely: — ' (ia) investment in immovable property. Explanation.—"Immovable property" does not include any machinery or plant even though attached to, or permanently fastened to anything attached to, the earth;'; (ii) in clause (c), after the word, brackets and figure "sub-clause (i),", the words, brackets, figure and letter "sub-clause (ia)," shall be inserted. [Finance Act, 1982] © Copyright. Taxmann Publications Pvt. Ltd.

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