Amendment of section 164
Section 21 of the Finance Act, 1984 deals with amendment of section 164. Amendment of section 164. 21. In section 164 of the Income-tax Act, with effect from the 1st day of April, 1985,— (a) in sub-section (1), after the proviso, the following proviso shall be inserted, namely: — "Provided further that where any income in respect of which the person mentioned in clause (
Amendment of section 164.
21. In section 164 of the Income-tax Act, with effect from the 1st day of April, 1985,—
(a) in sub-section (1), after the proviso, the following proviso shall be inserted, namely: —
"Provided further that where any income in respect of which the person mentioned in clause (iv) of sub-section (1) of section 180 is liable as representative assessee consists of, or includes, profits and gains of business, the preceding proviso shall apply only if such profits and gains are receivable under a trust declared by any person by will exclusively for the benefit of. any relative dependent on him for support and maintenance, and such trust is the only trust so declared by him.";
(b) to sub-section (2), the following proviso shall be added, namely:—
"Provided that in a case where the whole or any part of the relevant income is not exempt under section 11 or section 12 by virtue of the provisions contained in clause (c) or clause (d) of sub-section (1) of section 13, tax shall be charged on the relevant income or part of relevant income at the maximum marginal rate.";
(c) in sub-section (3), after the proviso and before Explanation 1, the following provisos shall be inserted, namely:—
"Provided further that where the relevant income consists of, or includes, profits and gains of business, the preceding proviso shall apply only if the income is receivable under a trust declared by any person by will exclusively for the benefit of any relative dependent on him for support and maintenance, and such trust is the only trust so declared by him:
Provided also that in a case where the whole or any part of the relevant income is not exempt under section 11 or section 12 by virtue of the provisions contained in clause (c) or clause (d) of sub-section (1) of section 13, tax shall be charged on the relevant income or part of relevant income at the maximum marginal rate.".
[Finance Act, 1984]
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Section 21, The Finance Act, 1984.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 21
What does Section 21 of the Finance Act deal with?
Section 21 of the Finance Act is headed "Amendment of section 164". Amendment of section 164. 21. In section 164 of the Income-tax Act, with effect from the 1st day of April, 1985,— (a) in sub-section (1), after the proviso, the following proviso shall be inserted, namely: — "Provided further that where any income in respect of which the person mentioned in clause (
How do I find court cases under Section 21 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 1984 21, section 21 Finance Act 1984, section 21 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 21 of the Finance Act, and has it changed?
Its own text turns on section 11 (Insertion of new section 44AB), section 12 (Amendment of section 80CC), section 13 (Omission of section 80D), Income-tax Act 164 (Charge of tax where share of beneficiaries unknown), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1984. 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
- First Schedule. First Schedule7300 words
- 2. Income-tax2585 words
- 34. Amendment of Act 27 of 1957908 words
- 10. Amendment of section 40A659 words
- 11. Insertion of new section 44AB368 words
- 28. Insertion of new section 269SS365 words
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