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Section23
The Finance Act, 1986

Amendment of section 80T

In force Act 23 of 1986 As on 18 Oct 2026

Act 23 of 1986 Ministry Finance Cited by 3 provisions

Section 23 of the Finance Act, 1986 deals with amendment of section 80T. Amendment of section 80T. 23. In section 80T of the Income-tax Act, with effect from the 1st day of April, 1987,— (i) for the words "five thousand rupees", wherever they occur, the words "ten thousand rupees" shall be substituted;

Amendment of section 80T.

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

(i) for the words "five thousand rupees", wherever they occur, the words "ten thousand rupees" shall be substituted;

(ii) in clause (b), for the portion beginning with the words "in any other case, five thousand rupees" and ending with the words "capital assets exceed five thousand rupees", the following shall be substituted, namely: —

"in any other case, ten thousand rupees as increased by a sum equal to—

(A) fifty per cent. of the amount by which the long-term capital gains relating to capital assets, being buildings or lands or any rights in buildings or lands, or gold, bullion or jewellery, exceed ten thousand rupees;

(B) sixty per cent. of the amount by which the long-term capital gains relating to any other capital assets exceed ten thousand rupees";

(iii) the second proviso shall be omitted.

[Finance Act, 1986]

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

Cross-references

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

Referred to by 3

  1. s. 5 Amendment of section 2
  2. s. 6 Amendment of section 24
  3. s. First Schedule First Schedule

Questions about Section 23

What does Section 23 of the Finance Act deal with?

Section 23 of the Finance Act is headed "Amendment of section 80T". Amendment of section 80T. 23. In section 80T of the Income-tax Act, with effect from the 1st day of April, 1987,— (i) for the words "five thousand rupees", wherever they occur, the words "ten thousand rupees" shall be substituted;

How do I find court cases under Section 23 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 23, section 23 Finance Act 1986, section 23 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 23 of the Finance Act, and has it changed?

3 other provisions in this corpus refer back to it.

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.