Amendment of section 115A
Section 25 of the Finance Act, 1986 deals with amendment of section 115A. Amendment of section 115A. 25. In section 115A of the Income-tax Act, in sub-section (2), with effect from the 1st day of April, 1987,— (a) for clause (ii), the following clause shall be substituted, namely:— "(ii) the amount of income-tax calculated on the income by way of royalty, if any, included
Amendment of section 115A.
25. In section 115A of the Income-tax Act, in sub-section (2), with effect from the 1st day of April, 1987,—
(a) for clause (ii), the following clause shall be substituted, namely:—
"(ii) the amount of income-tax calculated on the income by way of royalty, if any, included in the total income, at the rate of thirty per cent.;";
(b) in clause (iii), for the words "forty per cent", the, words thirty per cent.'' shall be substituted.
[Finance Act, 1986]
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Section 25, 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.
Questions about Section 25
What does Section 25 of the Finance Act deal with?
Section 25 of the Finance Act is headed "Amendment of section 115A". Amendment of section 115A. 25. In section 115A of the Income-tax Act, in sub-section (2), with effect from the 1st day of April, 1987,— (a) for clause (ii), the following clause shall be substituted, namely:— "(ii) the amount of income-tax calculated on the income by way of royalty, if any, included
How do I find court cases under Section 25 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 25, section 25 Finance Act 1986, section 25 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 25 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 115A (Tax on dividends, royalty and technical service fees in the case of foreign companies), so none of them can safely be read on its own.
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
- First Schedule. First Schedule6118 words
- 34. Insertion of new Chapter XXC4226 words
- 2. Income-tax1794 words
- 8. Insertion of new section 32AB1467 words
- 5. Amendment of section 2538 words
- 40. Amendment of Act 27 of 1957366 words
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.