Amendment of section 5
Section 67 of the Finance Act, 1988 deals with amendment of section 5. Gift-tax Amendment of section 5 67. In section 5 of the Gift-tax Act, 1958 (18 of 1958) (hereinafter referred to as the Gift-tax Act), In sub-section (1), after clause (iiic), the following clause shall be Inserted, namely: — "(iiid) being an individual or a Hindu undivided family, of property in th
Gift-tax
Amendment of section 5
67. In section 5 of the Gift-tax Act, 1958 (18 of 1958) (hereinafter referred to as the Gift-tax Act), In sub-section (1), after clause (iiic), the following clause shall be Inserted, namely: —
"(iiid) being an individual or a Hindu undivided family, of property in the form of such Relief Bonds, as the Central Government may, by notification in the Official Gazette, specify in this behalf subject to a maximum of rupees five lakhs in value in the aggregate in one or more previous years:
Provided that the exemption conferred by this clause shall be available only to a person who has initially subscribed to the said Bonds;".
[Finance Act, 1988]
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Section 67, The Finance Act, 1988 (Act 26 of 1988).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 67
What does Section 67 of the Finance Act deal with?
Section 67 of the Finance Act is headed "Amendment of section 5". Gift-tax Amendment of section 5 67. In section 5 of the Gift-tax Act, 1958 (18 of 1958) (hereinafter referred to as the Gift-tax Act), In sub-section (1), after clause (iiic), the following clause shall be Inserted, namely: — "(iiid) being an individual or a Hindu undivided family, of property in th
How do I find court cases under Section 67 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 67, section 67 Finance Act 1988, section 67 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 67 of the Finance Act, and has it changed?
Its own text turns on section 5 (Amendment of section 10), Gift-tax Act 5 (Exemption in respect of certain gifts), so none of them can safely be read on its own.
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
- First Schedule. First Schedule7045 words
- 2. Income-tax2162 words
- 4. Amendment of section 101079 words
- 6. Insertion of new section 10B1066 words
- 24. Amendment of section 80HHC788 words
- 40. Insertion of new section 206C687 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.