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Section57
The Finance Act, 1982

Bank of Bhutan to be exempt from liability to pay income-tax on certain income

In force Act 14 of 1982 As on 18 Oct 2026

Act 14 of 1982 Ministry Finance Cited by 1 provision

Section 57 of the Finance Act, 1982 deals with bank of Bhutan to be exempt from liability to pay income-tax on certain income. Bank of Bhutan to be exempt from liability to pay income-tax on certain income.

Bank of Bhutan to be exempt from liability to pay income-tax on certain income.

57. Notwithstanding anything contained in the Income-tax Act, the Bank of Bhutan constituted under the Royal Charter of the Bank of Bhutan, 1968, shall not be liable to pay any income-tax on the interest accruing during the period commencing on the 1st day of January, 1972 and ending with the 31st day of December, 1986, on the deposits made by that bank with the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955)

[Finance Act, 1982]

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Section 57, 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.

Referred to by 1

  1. s. 1 Short title and commencement

Questions about Section 57

What does Section 57 of the Finance Act deal with?

Section 57 of the Finance Act is headed "Bank of Bhutan to be exempt from liability to pay income-tax on certain income". Bank of Bhutan to be exempt from liability to pay income-tax on certain income.

How do I find court cases under Section 57 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 57, section 57 Finance Act 1982, section 57 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 57 of the Finance Act, and has it changed?

1 other provision in this corpus refers back to it.

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

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.