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Section28
The Finance Act, 1983

Amendment of section 80L

In force Act 11 of 1983 As on 18 Oct 2026

Act 11 of 1983 Ministry Finance Enacted 13 May 1983 Cited by 1 provision

Section 28 of the Finance Act, 1983 deals with amendment of section 80L. Amendment of section 80L. 28. In section 80L of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1984,— (a) after clause (vi), the following clause shall be inserted, namely: — " (via) interest on deposits with any such bank, nut being a banking company or a co-operativ The Act was enacted on 13 May 1983.

Amendment of section 80L.

28. In section 80L of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1984,—

(a) after clause (vi), the following clause shall be inserted, namely: —

" (via) interest on deposits with any such bank, nut being a banking company or a co-operative society referred to in clause (vi) but being a bank established by or under any law made by Parliament, as may be approved by the Central Government for the purposes of this clause;";

(b) for the portion beginning with the words "a deduction as specified hereunder" and ending with the words "shall not exceed two thousand rupees" (directed to be substituted by section 19 of the Finance Act, 1982 (14 of 1982) ), the following shall be substituted, namely —

"a deduction as specified hereunder, namely:—

(1) in a case where the amount of such income does not exceed in the aggregate seven thousand rupees, the whole of such amount; and

(2) in any other case, seven thousand" rupees".

[Finance Act, 1983]

© Copyright. Taxmann Publications Pvt. Ltd.

Section 28, The Finance Act, 1983 (Act 11 of 1983).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Finance Act s. 19 Amendment of section 80L

Referred to by 1

  1. s. 18 Insertion of new section 43B

Questions about Section 28

What does Section 28 of the Finance Act deal with?

Section 28 of the Finance Act is headed "Amendment of section 80L". Amendment of section 80L. 28. In section 80L of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1984,— (a) after clause (vi), the following clause shall be inserted, namely: — " (via) interest on deposits with any such bank, nut being a banking company or a co-operativ

How do I find court cases under Section 28 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 1983 28, section 28 Finance Act 1983, section 28 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 28 of the Finance Act, and has it changed?

Its own text turns on Finance Act 19 (Amendment of section 80L), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was Section 28 of the Finance Act enacted?

Section 28 of the Finance Act, cited as Finance Act 1983 28, was enacted on 13 May 1983 as Act 11 of 1983. 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.