An Act to give effect to the financial proposals of the Central Government for the financial year 1985-1986.

Act 32 of 1985 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1985

What this Act covers

The Finance Act for 1985. Its First Schedule carries the rates of income-tax for the year; the rest amends the Income-tax Act and the other fiscal statutes. The rate of tax for a year is fixed here and not in the Income-tax Act.

Sections

Type to filter. 41 sections.

1. 1Short title and commencement
2. 2Income tax
3. 3Amendment of section 2
4. 4Amendment of section 10
5. 6Amendment of section 17
6. 7Insertion of new section 33AB
7. 8Insertion of new section 35AB
8. 9Amendment of section 35CC
9. 10Amendment of section 36
10. 11Amendment of section 37
11. 12Amendment of section 40A
12. 13Amendment of section 44AB
13. 14Amendment of section 54
14. 15Amendment of section 58
15. 16Amendment of section 80CC
16. 17Omission of section 80F
17. 18Amendment of section 80G
18. 19Substitution of new section for section 80HHC
19. 20Amendment of section 80-I
20. 21Omission of section 80JJ
21. 22Omission of section 80N
22. 23Amendment of section 80QQA
23. 24Omission of section 80V
24. 25Omission of section 80VV
25. 26Amendment of section 115
26. 27Amendment of section 115E
27. 28Amendment of section 136
28. 29Amendment of section 139
29. 30Substitution of new section for section 167A
30. 31Insertion of new section 180A
31. 32Amendment of section 208
32. 33Amendment of section 245D
33. 34Amendment of section 273A
34. 35Amendment of section 278A
35. 36Consequential amendments
36. 37Amendment of section 5
37. 38Amendment of section 18B
38. 39Amendment of section 22D
39. 40Amendment of Schedule l
40. 41Amendment of Act 45 of 1974
41. First ScheduleFirst Schedule

Related Acts

• The Narcotic Drugs and Psychotropic Substances Act, 1985129 sections
• The Finance Act, 198648 sections
• The Finance Act, 198435 sections
• The Finance Act, 1987106 sections
• The National Housing Bank Act, 1987101 sections
• The Finance Act, 198344 sections
• The Expenditure-tax Act, 198733 sections
• The African Development Bank Act, 19837 sections

Provenance. 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.

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. Every one of the 41 sections of this Act has its own page. This page is not a substitute for legal advice.