Section41
The Finance Act, 1988

Amendment of section 230A

In force Act 26 of 1988 As on 14 Oct 2026

Act 26 of 1988 Ministry Finance

Section 41 of the Finance Act, 1988 deals with amendment of section 230A. Amendment of section 230A 41. In section 230A of the Income-tax Act, in sub-section (1), for the words "fifty thousand rupees", the words "two lakh rupees" shall be substituted.

Amendment of section 230A

41. In section 230A of the Income-tax Act, in sub-section (1), for the words "fifty thousand rupees", the words "two lakh rupees" shall be substituted.

[Finance Act, 1988]

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Section 41, The Finance Act, 1988 (Act 26 of 1988).

Questions about Section 41

What does Section 41 of the Finance Act deal with?

Section 41 of the Finance Act is headed "Amendment of section 230A". Amendment of section 230A 41. In section 230A of the Income-tax Act, in sub-section (1), for the words "fifty thousand rupees", the words "two lakh rupees" shall be substituted.

How do I find court cases under Section 41 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 1988 41, section 41 Finance Act 1988, section 41 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When was the Finance Act enacted?

Finance Act was enacted in 1988 as Act 26 of 1988. 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.