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Section48
The Finance Act, 1987

Amendment of section 194D

In force Act 11 of 1987 As on 16 Oct 2026

Act 11 of 1987 Ministry Finance Cited by 10 provisions

Section 48 of the Finance Act, 1987 deals with amendment of section 194D. Amendment of section 194D 48. In section 194D of the Income-tax Act, after the proviso, the following proviso shall be inserted with effect from the 1st day of June, 1987, namely:— "Provided further that no deduction shall be made under this section in a case where the amount of such in come or, as

Amendment of section 194D

48. In section 194D of the Income-tax Act, after the proviso, the following proviso shall be inserted with effect from the 1st day of June, 1987, namely:—

"Provided further that no deduction shall be made under this section in a case where the amount of such in come or, as the case may be, the aggregate of the amounts of such income credited or paid or likely to be credited or paid during the financial year to the account of or to the payee does not exceed five thousand rupees.".

[Finance Act, 1987]

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Section 48, 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. Income-tax Act s. 194D Insurance commission

Referred to by 10

  1. s. 13 Amendment of section 45
  2. s. 15 Substitution of new section for section 48
  3. s. 18 Amendment of section 53
  4. s. 19 Amendment of section 54
  5. s. 20 Amendment of section 54B
  6. s. 21 Amendment of section 54D
  7. s. 23 Amendment of section 54F
  8. s. 24 Insertion of new section 54G
  9. s. 25 Amendment of section 55
  10. s. 31 Substitution of new section for section 74

Questions about Section 48

What does Section 48 of the Finance Act deal with?

Section 48 of the Finance Act is headed "Amendment of section 194D". Amendment of section 194D 48. In section 194D of the Income-tax Act, after the proviso, the following proviso shall be inserted with effect from the 1st day of June, 1987, namely:— "Provided further that no deduction shall be made under this section in a case where the amount of such in come or, as

How do I find court cases under Section 48 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 48, section 48 Finance Act 1987, section 48 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 48 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 194D (Insurance commission), so none of them can safely be read on its own. 10 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

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.