Amendment of section 115B
Section 18 of the Finance Act, 1989 deals with amendment of section 115B. Amendment of section 115B 18. In section 115B of the Income-tax Act (as amended by section 31 of the Finance Act, 1988 (26 of 1988)), in sub-section (2), with effect from the 1st day of April, 1990,— (a) for the words, figures and letters "the previous year relevant to the assessment year commencing
Amendment of section 115B
18. In section 115B of the Income-tax Act (as amended by section 31 of the Finance Act, 1988 (26 of 1988)), in sub-section (2), with effect from the 1st day of April, 1990,—
(a) for the words, figures and letters "the previous year relevant to the assessment year commencing on the 1st day of April, 1989", the words, figures and letters "the previous years relevant to the assessment years commencing on the 1st day of April, 1989 and the 1st day of April, 1990" shall be substituted;
(b) in the proviso, for the words "previous year", the words "previous years" shall be substituted.
[Finance Act, 1989]
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Section 18, The Finance Act, 1989 (Act 13 of 1989).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 18
What does Section 18 of the Finance Act deal with?
Section 18 of the Finance Act is headed "Amendment of section 115B". Amendment of section 115B 18. In section 115B of the Income-tax Act (as amended by section 31 of the Finance Act, 1988 (26 of 1988)), in sub-section (2), with effect from the 1st day of April, 1990,— (a) for the words, figures and letters "the previous year relevant to the assessment year commencing
How do I find court cases under Section 18 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 1989 18, section 18 Finance Act 1989, section 18 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 18 of the Finance Act, and has it changed?
Its own text turns on Finance Act 31 (Amendment of section 115B), Income-tax Act 115B (Tax on profits and gains of life insurance business), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1989 as Act 13 of 1989. 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 Schedule6983 words
- 2. Income-tax2165 words
- 4. Amendment of section 2568 words
- 7. Amendment of section 32AB544 words
- 11. Amendment of section 48350 words
- 19. Amendment of section 115J252 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.