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Section12
The Finance Act, 1987

Insertion of new section 44 BBA

In force Act 11 of 1987 As on 18 Oct 2026

Act 11 of 1987 Ministry Finance

Section 12 of the Finance Act, 1987 deals with insertion of new section 44 BBA. Insertion of new section 44 BBA 12. In the income-tax Act, after section 44BB (as directed to be Inserted by section 11), the following section shall be inserted with effect from the 1st day of April, 1988, namely:— Special provision for computing profits and gains of the business of operation of ai

Insertion of new section 44 BBA

12. In the income-tax Act, after section 44BB (as directed to be Inserted by section 11), the following section shall be inserted with effect from the 1st day of April, 1988, namely:—

Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents

'44BBA. (1) Notwithstanding anything to the contrary, contained in sections 28 to 43A, in the case, of an assessee, being a nonresident, engaged in the business of operation of aircraft, a sum equal to five per cent. of the aggregate of the amounts specified in sub-section (2) shall be deemed to be the profits and gains of such business chargeable to tax under the head "Profits and gains of business or profession".

(2) The amounts referred to in sub-section (1) shall be the following, namely: —

(a) the amount paid or payable (whether in or out of India) to the assessee or to any person on his behalf on account of the carriage of passengers, live-stock, mail or goods from any place in India; and

(b) the amount received or deemed to be received in India by or on behalf of the assessee on account of the carriage of passengers, live-stock, mail or goods from any place outside India.'.

[Finance Act, 1987]

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Section 12, 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.

This section refers to

  1. s. 11 Insertion of new section 44BB
  2. s. 28 Amendment of section 70
  3. s. 44 Amendment of section 155

Questions about Section 12

What does Section 12 of the Finance Act deal with?

Section 12 of the Finance Act is headed "Insertion of new section 44 BBA". Insertion of new section 44 BBA 12. In the income-tax Act, after section 44BB (as directed to be Inserted by section 11), the following section shall be inserted with effect from the 1st day of April, 1988, namely:— Special provision for computing profits and gains of the business of operation of ai

How do I find court cases under Section 12 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 12, section 12 Finance Act 1987, section 12 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 12 of the Finance Act, and has it changed?

Its own text turns on section 11 (Insertion of new section 44BB), section 28 (Amendment of section 70), section 44 (Amendment of section 155), so none of them can safely be read on its own.

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

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.