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Section13
The Finance Act, 1990

Amendment of section 43B

In force Act 12 of 1990 As on 07 Oct 2026

Act 12 of 1990 Ministry Finance Cited by 1 provision

Section 13 of the Finance Act, 1990 deals with amendment of section 43B. Amendment of section 43B 13. In section 43B of the Income-tax Act, with effect from the 1st day of April, 1991,— (a) in clause (d), after the words "any public financial institution", the words "or' a State financial corporation or a State industrial investment corporation" shall be inserted;

Amendment of section 43B

13. In section 43B of the Income-tax Act, with effect from the 1st day of April, 1991,—

(a) in clause (d), after the words "any public financial institution", the words "or' a State financial corporation or a State industrial investment corporation" shall be inserted;

(b) for Explanation 4, the. following Explanation shall be substituted, namely: —

'Explanation 4.—For the purposes of this section,—

(a) "public financial institution" shall have the meaning assigned to it in section 4A of the Companies Act, 1956 (1 of 19586);

(b) "State financial corporation" means a financial corporation established under section 3 or section 3A or an institution notified under section 46 of the State Financial Corporations Act, 1951 (63 of 1951);

(c) "State industrial investment corporation" means a Government company within the meaning; of section 617 of the Companies Act, 1956 (1 of 1956), engaged in the business of providing long-term finance for industrial projects and approved by the Central Government under clause (viii) of sub-section (1) of section 36.'.

[Finance Act, 1990]

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Section 13, The Finance Act, 1990 (Act 12 of 1990).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 3 Amendment of section 2
  2. s. 36 Amendment of section 142
  3. Income-tax Act s. 43B Certain deductions to be only on actual payment
  4. State Financial Corporations Act s. 46 Power to apply Act to certain financial institutions in existence at commencement of Act

Referred to by 1

  1. s. 60 Amendment of section 15

Questions about Section 13

What does Section 13 of the Finance Act deal with?

Section 13 of the Finance Act is headed "Amendment of section 43B". Amendment of section 43B 13. In section 43B of the Income-tax Act, with effect from the 1st day of April, 1991,— (a) in clause (d), after the words "any public financial institution", the words "or' a State financial corporation or a State industrial investment corporation" shall be inserted;

How do I find court cases under Section 13 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 1990 13, section 13 Finance Act 1990, section 13 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 13 of the Finance Act, and has it changed?

Its own text turns on section 3 (Amendment of section 2), section 36 (Amendment of section 142), Income-tax Act 43B (Certain deductions to be only on actual payment), State Financial Corporations Act 46 (Power to apply Act to certain financial institutions in existence at commencement of Act), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 1990 as Act 12 of 1990. 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.