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Section5
The Finance Act, 1990

Amendment of section 10

In force Act 12 of 1990 As on 15 Oct 2026

Act 12 of 1990 Ministry Finance Cited by 1 provision

Section 5 of the Finance Act, 1990 deals with amendment of section 10. Amendment of section 10 5. In section 10 of the Income-tax Act, in clause (15),— (i) in sub-clause (iv), in them (i), after the words, "State Government", the words "or a public sector company" shall be inserted with effect from the 1st day of April, 1991;

Amendment of section 10

5. In section 10 of the Income-tax Act, in clause (15),—

(i) in sub-clause (iv), in them (i), after the words, "State Government", the words "or a public sector company" shall be inserted with effect from the 1st day of April, 1991;

(ii) after sub-clause (iv), the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1989, namely: —

" (v) interest on securities held by the Registrar, Supreme Court, in Reserve Banks SGL Account No. SL/DH 048;".

[Finance Act, 1990]

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Section 5, 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. 10 Substitution of new section for section 33AB
  2. Income-tax Act s. 10 Incomes not included in total income

Referred to by 1

  1. s. 52 Amendment of section 5

Questions about Section 5

What does Section 5 of the Finance Act deal with?

Section 5 of the Finance Act is headed "Amendment of section 10". Amendment of section 10 5. In section 10 of the Income-tax Act, in clause (15),— (i) in sub-clause (iv), in them (i), after the words, "State Government", the words "or a public sector company" shall be inserted with effect from the 1st day of April, 1991;

How do I find court cases under Section 5 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 5, section 5 Finance Act 1990, section 5 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 5 of the Finance Act, and has it changed?

Its own text turns on section 10 (Substitution of new section for section 33AB), Income-tax Act 10 (Incomes not included in total income), 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.