Amendment of section 24
Section 9 of the Finance Act, 1983 deals with amendment of section 24. Amendment of section 24. 9. In section 24 of the Income-tax Act, in sub-section (1), to clause (vi), the following Explanation shall be added with effect from the 1st day of April, 1984, namely: — "Explanation.—Where the property has been acquired or constructed with borrowed capital, the interest, The Act was enacted on 13 May 1983.
Amendment of section 24.
9. In section 24 of the Income-tax Act, in sub-section (1), to clause (vi), the following Explanation shall be added with effect from the 1st day of April, 1984, namely: —
"Explanation.—Where the property has been acquired or constructed with borrowed capital, the interest, if any, payable on such capital for the period prior to the previous year in which the property has been acquired or constructed, as reduced by any part thereof allowed as a deduction under any other provision of this Act, shall be deducted under this clause in equal instalments for the said previous year and for each of the four immediately succeeding previous years;".
[Finance Act, 1983]
© Copyright. Taxmann Publications Pvt. Ltd.
Section 9, 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
Referred to by 2
Questions about Section 9
What does Section 9 of the Finance Act deal with?
Section 9 of the Finance Act is headed "Amendment of section 24". Amendment of section 24. 9. In section 24 of the Income-tax Act, in sub-section (1), to clause (vi), the following Explanation shall be added with effect from the 1st day of April, 1984, namely: — "Explanation.—Where the property has been acquired or constructed with borrowed capital, the interest,
How do I find court cases under Section 9 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 9, section 9 Finance Act 1983, section 9 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 9 of the Finance Act, and has it changed?
Its own text turns on section 24 (Insertion of new section 80HHC), Income-tax Act 24 (Deductions from income from house property), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When was Section 9 of the Finance Act enacted?
Section 9 of the Finance Act, cited as Finance Act 1983 9, 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
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.