An Act to give effect to the financial proposals of the Central Government for the financial year 1986-1987.

Act 23 of 1986 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1986

What this Act covers

The Finance Act for 1986. 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. 48 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 10
4. 4Amendment of section 16
5. 5Amendment of section 2
6. 6Amendment of section 24
7. 7Amendment of section 32A
8. 8Insertion of new section 32AB
9. 9Amendment of section 43
10. 10Amendment of section 50
11. 11Amendment of section 54
12. 12Amendment of section 54E
13. 13Amendment of section 55
14. 14Amendment of section 58
15. 15Amendment of section 74
16. 16Amendment of section 74A
17. 17Amendment of. section 80GG
18. 18Amendment of section 80HHA
19. 19Omission of section 80K
20. 20Amendment of section 80L
21. 21Substitution of new section for section 80M
22. 22Omission of section 80S
23. 23Amendment of section 80T
24. 24Omission of section 80TT
25. 25Amendment of section 115A
26. 26Insertion of new section 115BB
27. 27Insertion of new section 133B
28. 28Amendment of section 155
29. 29Amendment of section 193
30. 30Amendment of section 194B
31. 31Amendment of section 194BB
32. 32Amendment of section 204
33. 33Insertion of new section 269RR
34. 34Insertion of new Chapter XXC
35. 35Insertion of new section 272AA
36. 36Insertion of new section 276AB
37. 37Omission of section 276AA
38. 38Omission of twelfth schedule
39. 39Consequential amendment
40. 40Amendment of Act 27 of 1957
41. 41Amendment of section 3
42. 42Amendment of section 5
43. 43Omission of section 6A
44. 44Amendment of section 18
45. 45Amendment of section 19A
46. 46Amendment of the schedule
47. 47Amendment of Act 7 of 1964
48. First ScheduleFirst Schedule

Related Acts

• The Narcotic Drugs and Psychotropic Substances Act, 1985129 sections
• The Finance Act, 1987106 sections
• The National Housing Bank Act, 1987101 sections
• The Finance Act, 198541 sections
• The Expenditure-tax Act, 198733 sections
• The Finance Act, 198879 sections
• The Prohibition of Benami Property Transactions Act, 198875 sections
• The Finance Act, 198435 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 48 sections of this Act has its own page. This page is not a substitute for legal advice.