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Section73
The Finance Act, 1991

Amendment of section 5

In force Act 49 of 1991 As on 16 Oct 2026

Act 49 of 1991 Ministry Finance

Section 73 of the Finance Act, 1991 deals with amendment of section 5. Wealth-tax Amendment of section 5. 73. In section 5 of the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act), in sub-section (1),— (a) for clause (xviia), the following clause shall be substituted and shall be deemed to have been substituted with effect from the 1st d

Wealth-tax

Amendment of section 5.

73. In section 5 of the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act), in sub-section (1),—

(a) for clause (xviia), the following clause shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1984, namely:—

"(xviia) the amount standing to the credit of—

(a) an individual; or

(b) a Hindu undivided family; or

(c) an association of persons or body of individuals consisting, in either case, only of husband and wife governed by the system of community of property in force in the State of Goa and the Union territories of Dadra and Nagar Haveli and Daman and Diu, in any provident fund set up by the Central Government and notified by it in this behalf in the Official Gazette;";

(b) in clause (xxvb), for the words "the National Sayings Scheme referred to in", the words, brackets and figures "any scheme referred to in clause (i) of sub-section (2) of" shall be substituted with effect from the 1st day of October, 1991.

[Finance (No.

2) Act, 1991]

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Section 73, The Finance Act, 1991 (Act 49 of 1991).

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

Questions about Section 73

What does Section 73 of the Finance Act deal with?

Section 73 of the Finance Act is headed "Amendment of section 5". Wealth-tax Amendment of section 5. 73. In section 5 of the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act), in sub-section (1),— (a) for clause (xviia), the following clause shall be substituted and shall be deemed to have been substituted with effect from the 1st d

How do I find court cases under Section 73 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 1991 73, section 73 Finance Act 1991, section 73 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 73 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.

When was the Finance Act enacted?

Finance Act was enacted in 1991 as Act 49 of 1991. 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.