# The Finance Act, 1990, Section 3: Amendment of section 2

- Act: The Finance Act, 1990 (Act 12 of 1990)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1990/section/3/

## Text

CHAPTER III DIRECT TAXES Income-tax Amendment of section 2. 3. In section 2 of the Income-tax Act,— (i) in clause (24) ,— (a) existing sub-clause (va) shall be renumbered as sub-clause (vd) and before sub-clause (vd) as so renumbered, the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1962, namely:— "(va) any sum chargeable to income-tax under clause (iiia) of section 28;"; (b) after sub-clause (va), the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1967, namely: — "(vb) any sum chargeable to income-tax under clause (iiib) of section 28;"; (c) after sub-clause (vb) , the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1972, namely: — "(vc) any sum chargeable to income-tax under clause (iiic) of section 28;"; (ii) in clause (40), for the word and figures "section 143"; the words, brackets and figures "sub-section (3) "of section 143" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1989; (iii) clause (42C) [as inserted by clause (ii) of section 2 of the Direct Tax Laws (Second Amendment) Act, 1989 (36 of 1989)] shall be omitted. [Finance Act, 1990] © Copyright. Taxmann Publications Pvt. Ltd.

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