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Section16
The Finance Act, 1990

Amendment of section 80CCA

In force Act 12 of 1990 As on 14 Oct 2026

Act 12 of 1990 Ministry Finance Cited by 3 provisions

Section 16 of the Finance Act, 1990 deals with amendment of section 80CCA. Amendment of section 80CCA 16. In section 80CCA of the Income-tax Act, with effect from the 1st day of April, 1991,— (a) in sub-section (1), for the proviso, the following proviso shall be substituted, namely:— 'Provided that in relation to— (a) the assessment years commencing on the 1st day of Apri

Amendment of section 80CCA

16. In section 80CCA of the Income-tax Act, with effect from the 1st day of April, 1991,—

(a) in sub-section (1), for the proviso, the following proviso shall be substituted, namely:—

'Provided that in relation to—

(a) the assessment years commencing on the 1st day of April, 1989 and the 1st day of April, 1996, this sub-section shall have effect as if for the words "twenty thousand rupees", the words "thirty thousand rupees" had been substituted;

(b) the assessment year commencing on the 1st day of April, 1991 and subsequent assessment years, this sub-section shall have effect as if for the words "twenty thousand rupees", the words "forty thousand rupees" had been substituted.';

(b) after sub-section (2), and before Explanation 1, the following sub-section shall be inserted, namely:—

"(3) Notwithstanding anything contained in any other provision of this Act, where a partition has taken place among the members of a Hindu undivided family or where an association of persons has been dissolved after a deduction has been allowed under sub-section (1), the provisions of sub-section (2) shall apply as if the person in receipt of income referred to therein is the assessee.".

[Finance Act, 1990]

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Section 16, 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. Income-tax Act s. 80CCA Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan

Referred to by 3

  1. s. 51 Amendment of section 2
  2. s. 54 Amendment of section 16
  3. s. 61 Amendment of section 15

Questions about Section 16

What does Section 16 of the Finance Act deal with?

Section 16 of the Finance Act is headed "Amendment of section 80CCA". Amendment of section 80CCA 16. In section 80CCA of the Income-tax Act, with effect from the 1st day of April, 1991,— (a) in sub-section (1), for the proviso, the following proviso shall be substituted, namely:— 'Provided that in relation to— (a) the assessment years commencing on the 1st day of Apri

How do I find court cases under Section 16 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 16, section 16 Finance Act 1990, section 16 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 16 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 80CCA (Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan), so none of them can safely be read on its own. 3 other provisions in this corpus refer 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.