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Section20
The Finance Act, 1986

Amendment of section 80L

In force Act 23 of 1986 As on 18 Oct 2026

Act 23 of 1986 Ministry Finance

Section 20 of the Finance Act, 1986 deals with amendment of section 80L. Amendment of section 80L. 20. In section 80L of the Income-tax Act, with effect from the 1st day of April, 1987,— (a) in sub-section (1), for clause (ii), the following clause shall be substituted, namely: — '(ii) interest on such debentures, issued by any institution or authority, or any public sec

Amendment of section 80L.

20. In section 80L of the Income-tax Act, with effect from the 1st day of April, 1987,—

(a) in sub-section (1), for clause (ii), the following clause shall be substituted, namely: —

'(ii) interest on such debentures, issued by any institution or authority, or any public sector company, or any co-operative society (including a co-operative land mortgage bank or a cooperative land development bank), as the Central Government may, by notification in the Official Gazette, specify in this behalf.

Explanation.—For the purposes of this clause, "public sector company" means any corporation established by or under any . Central, State or Provincial Act or a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956 );

(b) subsection (2) shall be omitted.

[Finance Act, 1986]

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Section 20, The Finance Act, 1986 (Act 23 of 1986).

Questions about Section 20

What does Section 20 of the Finance Act deal with?

Section 20 of the Finance Act is headed "Amendment of section 80L". Amendment of section 80L. 20. In section 80L of the Income-tax Act, with effect from the 1st day of April, 1987,— (a) in sub-section (1), for clause (ii), the following clause shall be substituted, namely: — '(ii) interest on such debentures, issued by any institution or authority, or any public sec

How do I find court cases under Section 20 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 1986 20, section 20 Finance Act 1986, section 20 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When was the Finance Act enacted?

Finance Act was enacted in 1986 as Act 23 of 1986. 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.