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Section27
The Finance Act, 1987

Amendment of section 57

In force Act 11 of 1987 As on 17 Oct 2026

Act 11 of 1987 Ministry Finance Cited by 1 provision

Section 27 of the Finance Act, 1987 deals with amendment of section 57. Amendment of section 57 27. In section 57 of the Income-tax Act, after clause (i), the following clause shall be inserted with effect from the 1st day April, 1988, namely:- '(ia)in the case of income of the nature referred to in sub-clause (x) of clause (24)of section 2 which is chargeable to income

Amendment of section 57

27. In section 57 of the Income-tax Act, after clause (i), the following clause shall be inserted with effect from the 1st day April, 1988, namely:-

'(ia)in the case of income of the nature referred to in sub-clause (x) of clause (24)of section 2 which is chargeable to income-tax under the head "Income from other sources", deductions, so far as may be, in accordance with the provisions of clause (va) of sub-section (1) of section 36';'.

[Finance Act, 1987]

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Section 27, 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. 2 Income-tax
  2. s. 36 Amendment of section 80-O
  3. s. 57 Substitution of new section for section 245A
  4. Income-tax Act s. 57 Deductions

Referred to by 1

  1. s. 6 Amendment of section 27

Questions about Section 27

What does Section 27 of the Finance Act deal with?

Section 27 of the Finance Act is headed "Amendment of section 57". Amendment of section 57 27. In section 57 of the Income-tax Act, after clause (i), the following clause shall be inserted with effect from the 1st day April, 1988, namely:- '(ia)in the case of income of the nature referred to in sub-clause (x) of clause (24)of section 2 which is chargeable to income

How do I find court cases under Section 27 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 27, section 27 Finance Act 1987, section 27 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 27 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), section 36 (Amendment of section 80-O), section 57 (Substitution of new section for section 245A), Income-tax Act 57 (Deductions), so none of them can safely be read on its own. 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

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.