# The Finance Act, 1987, Section 26: Amendment of section 56

- Act: The Finance Act, 1987 (Act 11 of 1987)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1987/section/26/

## Text

Amendment of section 56 26. In section 56 of the Income-tax Act, in sub-section (2), after (ib), the following clause shall be inserted with effect from the 1st day of April, 1988, namely;— '(ic) income referred to in sub-clause (x) of clause (24), of section 2, if such income is not chargeable to income-tax under the head "Profits and gains of business or profession";'. [Finance Act, 1987] © Copyright. Taxmann Publications Pvt. Ltd.

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