Amendment of section 5
Section 42 of the Finance Act, 1983 deals with amendment of section 5. Gift-tax Amendment of section 5. 42. In section 5 of the Gift-tax Act, 1958 (18 of 1958), in sub-section (2),— (a) in clause (iid) [directed to be inserted by clause (a) of section 38 of the Finance Act, 1982 (14 of 1982)], for the portion beginning with the words "savings certificates" and ending w The Act was enacted on 13 May 1983.
Gift-tax
Amendment of section 5.
42. In section 5 of the Gift-tax Act, 1958 (18 of 1958), in sub-section (2),—
(a) in clause (iid) [directed to be inserted by clause (a) of section 38 of the Finance Act, 1982 (14 of 1982)], for the portion beginning with the words "savings certificates" and ending with the words "rules made thereunder", the following shall be substituted with effect from the 1st day of April, 1984, namely: —
"any foreign exchange assets as defined in clause (b) of section 115C of the Income-tax Act";
(b) in clause (iiic) [directed to be inserted by clause (b) of section 38 of the Finance Act, 1982 (14 of 1982)], for the words "of property in the form of such Capital Investment Bonds", the words "being an individual or a Hindu undivided family, of property in the form of such" Capital Investment Bonds" shall be substituted.
[Finance Act, 1983]
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Section 42, 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.
Questions about Section 42
What does Section 42 of the Finance Act deal with?
Section 42 of the Finance Act is headed "Amendment of section 5". Gift-tax Amendment of section 5. 42. In section 5 of the Gift-tax Act, 1958 (18 of 1958), in sub-section (2),— (a) in clause (iid) [directed to be inserted by clause (a) of section 38 of the Finance Act, 1982 (14 of 1982)], for the portion beginning with the words "savings certificates" and ending w
How do I find court cases under Section 42 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 42, section 42 Finance Act 1983, section 42 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 42 of the Finance Act, and has it changed?
Its own text turns on Finance Act 38 (Amendment of section 5), section 5 (Amendment of section 10), Gift-tax Act 5 (Exemption in respect of certain gifts), Income-tax Act 115C (Definitions), so none of them can safely be read on its own.
When was Section 42 of the Finance Act enacted?
Section 42 of the Finance Act, cited as Finance Act 1983 42, 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
- First Schedule. First Schedule7743 words
- 2. Income-tax2440 words
- 36. Insertion of new Chapter XII-A1475 words
- 5. Amendment of section 101066 words
- 17. Amendment of section 37799 words
- 40. Revival of levy of wealth-tax in the case of closely-held companies776 words
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