An Act to give effect to the financial proposals of the Central Government for the financial year 1988-1989.

Act 26 of 1988 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1988

What this Act covers

The Finance Act for 1988. Its First Schedule carries the rates of income-tax for the year; the rest amends the Income-tax Act and the other fiscal statutes. The rate of tax for a year is fixed here and not in the Income-tax Act.

Sections

Type to filter. 79 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 2
4. 4Amendment of section 10
5. 5Amendment of section 10
6. 6Insertion of new section 10B
7. 7Amendment of section 13A
8. 8Amendment of section 14
9. 9Amendment of section 16
10. 10Omission of sections 18 to 21
11. 11Amendment of section 40
12. 12Amendment of section 43B
13. 13Insertion of new section 43C
14. 14Amendment of section 44AB
15. 15Insertion of new section 44AC
16. 16Amendment of section 44BB
17. 17Amendment of section 47
18. 18Amendment of section 56
19. 19Amendment of section 57
20. 20Amendment of section 58
21. 21Amendment of section 79
22. 22Amendment of section 80CC
23. 23Substitution of new section for section 80CCA
24. 24Amendment of section 80HHC
25. 25Amendment of section 30L
26. 26Amendment of section 80-O
27. 27Amendment of section 80P
28. 28Omission of section 86A
29. 29Amendment of section 89
30. 30Omission of section 112A
31. 31Amendment of section 115B
32. 32Amendment of section 115F
33. 33Amendment of section 131
34. 34Amendment of section 132
35. 35Amendment of section 139
36. 36Omission of section 181
37. 37Amendment of section 193
38. 38Amendment of section 194C
39. 39Amendment of section 195
40. 40Insertion of new section 206C
41. 41Amendment of section 230A
42. 42Insertion of new section 245DD
43. 43Amendment of section 246
44. 44Amendment of section 263
45. 45Amendment of section 271B
46. 46Insertion of new section 276BB
47. 47Amendment of section 279
48. 48Omission of Chapter XXIIA
49. 49Amendment of section 281B
50. 50Omission of section 285A
51. 51Amendment of section 293
52. 52Amendment of First Schedule
53. 53Amendment of Eleventh Schedule
54. 54Consequential amendments
55. 55Amendment of section 5
56. 56Insertion of new section 22DD
57. 57Amendment of section 25
58. 58Amendment of section 34AB
59. 59Amendment of section 34ACC
60. 60Amendment of section 34AD
61. 61Insertion of new section 34AE
62. 62Amendment of section 34C
63. 63Amendment of section 34C
64. 64Amendment of section 37
65. 65Amendment of section 43
66. 66Amendment of Schedule I
67. 67Amendment of section 5
68. 68Amendment of section 24
69. 69Amendment of section 35
70. 70Amendment of section 30
71. 71Amendment of section 42
72. 72Substitution of new authorities
73. 73Amendment of section 6
74. 74Amendment of section 13
75. 75Amendment of section 24
76. 86Amendment of Act 57 of 1972
77. 87Amendment of Act 11 of 1983
78. 88Amendment of Act 4 of 1988
79. First ScheduleFirst Schedule

Related Acts

• The Prohibition of Benami Property Transactions Act, 198875 sections
• The Prevention of Illicit Traffic in Narcotic Drugs and Psychotropic Substances Act, 198816 sections
• The Finance Act, 1987106 sections
• The National Housing Bank Act, 1987101 sections
• The Small Industries Development Bank of India Act, 198969 sections
• The Finance Act, 198934 sections
• The Expenditure-tax Act, 198733 sections
• The Finance Act, 199062 sections

Provenance. 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.

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. Every one of the 79 sections of this Act has its own page. This page is not a substitute for legal advice.