Power to exempt

In force Act 11 of 1987 As on 19 Oct 2026

Act 11 of 1987 Ministry Finance Cited by 1 provision

Section 101 of the Finance Act, 1987 deals with power to exempt. Power to exempt 101. Notwithstanding anything contained in this Chapter, the Central Government may, by notification in the Official Gazette, and subject to such conditions and limitations as may be specified, therein exempt wholly or to such extent as may be specified in the notification, any relea

Power to exempt
101. Notwithstanding anything contained in this Chapter, the Central Government may, by notification in the Official Gazette, and subject to such conditions and limitations as may be specified, therein exempt wholly or to such extent as may be specified in the notification, any release of foreign exchange for any foreign travel or class or category of foreign travel from the payment of tax leviable under this Chapter if that Government is statisfied that it is necessary or expedient so to do, having regard to the purposes of the foreign travel and any other special circumstances.
[Finance Act, 1987]
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Section 101, The Finance Act, 1987 (Act 11 of 1987).

Cross-references

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

Referred to by 1

s. 105 Rules and notifications to be laid before Parliament

Questions about Section 101

What does Section 101 of the Finance Act deal with?

Section 101 of the Finance Act is headed "Power to exempt". Power to exempt 101. Notwithstanding anything contained in this Chapter, the Central Government may, by notification in the Official Gazette, and subject to such conditions and limitations as may be specified, therein exempt wholly or to such extent as may be specified in the notification, any relea

How do I find court cases under Section 101 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 1987 101, section 101 Finance Act 1987, section 101 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 101 of the Finance Act, and has it changed?

1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 1987 as Act 11 of 1987. 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 Schedule6061 words
2. Income-tax1675 words
32. Amendment of section 80C1059 words
24. Insertion of new section 54G901 words
59. Insertion of new sections 245BA to 245BD752 words
79. Insertion of new sections 22BA to 22BD748 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.