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Section31
The Finance Act, 1984

Insertions of new section 276DD

In force As on 17 Oct 2026

Ministry Finance Cited by 1 provision

Section 31 of the Finance Act, 1984 deals with insertions of new section 276DD. Insertions of new section 276DD. 31. In the Income-tax Act, after section 276D, the following section shall be inserted, namely: — Failure to comply with the provisions of section 269SS.

Insertions of new section 276DD.

31. In the Income-tax Act, after section 276D, the following section shall be inserted, namely: —

Failure to comply with the provisions of section 269SS.

"276DD. If a person, without reasonable cause or excuse, takes or accepts any loan or deposit in contravention of the, provisions of section 269SS, he shall be punishable with imprisonment, for a term which may extend to two years and shall also be liable to fine equal to the amount of such loan or deposit.".

[Finance Act, 1984]

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Section 31, The Finance Act, 1984.

Cross-references

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

Referred to by 1

  1. s. First Schedule First Schedule

Questions about Section 31

What does Section 31 of the Finance Act deal with?

Section 31 of the Finance Act is headed "Insertions of new section 276DD". Insertions of new section 276DD. 31. In the Income-tax Act, after section 276D, the following section shall be inserted, namely: — Failure to comply with the provisions of section 269SS.

How do I find court cases under Section 31 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 31, section 31 Finance Act 1984, section 31 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 31 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 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

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.