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Section52
The Finance Act, 1990

Amendment of section 5

In force Act 12 of 1990 As on 07 Oct 2026

Act 12 of 1990 Ministry Finance Cited by 1 provision

Section 52 of the Finance Act, 1990 deals with amendment of section 5. Amendment of section 5 52. . In section 5 of the Wealth-tax Act, in sub-section (1), in clause (xxviic), with effect from the 1st day of April.

Amendment of section 5

52. . In section 5 of the Wealth-tax Act, in sub-section (1), in clause (xxviic), with effect from the 1st day of April. 1991,—

(i) after the words "State Government", the words "or a public sector company" shall be inserted;

(ii) the following Explanation shall be inserted at the end, namely:—

Explanation. —For the purposes of this clause, "public sector company" means any corporation established by or under any Central, State or Provincial Act or a Government company as defined in section 617 of the Companies Act, 1996 (1 of 1956);'

[Finance Act, 1990]

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Section 52, 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. 5 Amendment of section 10
  2. Wealth-tax Act s. 5 Exemptions in respect of certain assets

Referred to by 1

  1. s. 38 Amendment of section 145

Questions about Section 52

What does Section 52 of the Finance Act deal with?

Section 52 of the Finance Act is headed "Amendment of section 5". Amendment of section 5 52. . In section 5 of the Wealth-tax Act, in sub-section (1), in clause (xxviic), with effect from the 1st day of April.

How do I find court cases under Section 52 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 52, section 52 Finance Act 1990, section 52 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 52 of the Finance Act, and has it changed?

Its own text turns on section 5 (Amendment of section 10), Wealth-tax Act 5 (Exemptions in respect of certain assets), 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.