Amendment of section 80-O
Section 36 of the Finance Act, 1987 deals with amendment of section 80-O. Amendment of section 80-O 36. In section 80-O of the Income-tax Act, with effect from the 1st day of April, 1988,— (a)in the opening paragraph,— (i)the portion beginning with the words "or having been, received in convertible foreign exchange outside India" and ending with the words "and dealings in
Amendment of section 80-O
36. In section 80-O of the Income-tax Act, with effect from the 1st day of April, 1988,—
(a)in the opening paragraph,—
(i)the portion beginning with the words "or having been, received in convertible foreign exchange outside India" and ending with the words "and dealings in foreign exchange," shall be omitted;
(ii)for the words "so received in, or brought into, India", the words "soi received in India" shall be substituted;
(b) after the second proviso, the following proviso shall be inserted, namely:—
"Provided also that such income is received in India within a period of six months from the end of the previous year, or where the Commissioner is satisfied (for reasons to be recorded in writing) that the assessee is for reasons beyond his control, unable to do so within the said period of six months, within such further period as the Commissioner may allow in the behalf.";
(c) in the Explanation, for clause (ii), the following clause shall be substituted, namely:—
'(ii) "foreign enterprise" means a person who is a non-resident.'.
[Finance Act, 1987]
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Section 36, 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.
Questions about Section 36
What does Section 36 of the Finance Act deal with?
Section 36 of the Finance Act is headed "Amendment of section 80-O". Amendment of section 80-O 36. In section 80-O of the Income-tax Act, with effect from the 1st day of April, 1988,— (a)in the opening paragraph,— (i)the portion beginning with the words "or having been, received in convertible foreign exchange outside India" and ending with the words "and dealings in
How do I find court cases under Section 36 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 36, section 36 Finance Act 1987, section 36 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 36 of the Finance Act, and has it changed?
Its own text turns on section 80 (Amendment of section 22C), so none of them can safely be read on its own. 5 other provisions in this corpus refer 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.