Section53
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

Section 53 of the Finance Act, 1990 deals with amendment of section 10. Amendment of section 10 53. In section 10 of the Wealth-tax Act, in sub-section (2).

Amendment of section 10

53. In section 10 of the Wealth-tax Act, in sub-section (2). in clause (a), for the figures "16, 17", the figures and letter "14, 15, 16, 17, 17B," shall be substituted.

[Finance Act, 1990]

© Copyright. Taxmann Publications Pvt. Ltd.

Section 53, 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.

Questions about Section 53

What does Section 53 of the Finance Act deal with?

Section 53 of the Finance Act is headed "Amendment of section 10". Amendment of section 10 53. In section 10 of the Wealth-tax Act, in sub-section (2).

How do I find court cases under Section 53 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 53, section 53 Finance Act 1990, section 53 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 53 of the Finance Act, and has it changed?

Its own text turns on section 10 (Substitution of new section for section 33AB), Wealth-tax Act 10 (Instructions to subordinate authorities), so none of them can safely be read on its own.

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.