Amendment of section 5
Section 85 of the Finance Act, 1991 deals with amendment of section 5. Amendment of section 5. 85. In section 5 of the Gift-tax Act, in sub-section (2), in clause (iiie),— (a) for the portion beginning with the words "to any relative" and ending with the words "Provided further that", the following shall be substituted, namely:-— "of property in the form of the bonds s
Amendment of section 5.
85. In section 5 of the Gift-tax Act, in sub-section (2), in clause (iiie),—
(a) for the portion beginning with the words "to any relative" and ending with the words "Provided further that", the following shall be substituted, namely:-—
"of property in the form of the bonds specified under sub-clause (iid) of clause (25) of section 10 of the Income-tax Act:
Provided, that";
(b) in the Explanation, clause (a) shall be omitted.
[Finance (No.
2) Act, 1991]
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Section 85, 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.
Questions about Section 85
What does Section 85 of the Finance Act deal with?
Section 85 of the Finance Act is headed "Amendment of section 5". Amendment of section 5. 85. In section 5 of the Gift-tax Act, in sub-section (2), in clause (iiie),— (a) for the portion beginning with the words "to any relative" and ending with the words "Provided further that", the following shall be substituted, namely:-— "of property in the form of the bonds s
How do I find court cases under Section 85 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 85, section 85 Finance Act 1991, section 85 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 85 of the Finance Act, and has it changed?
Its own text turns on section 5 (Amendment of section 10), Gift-tax Act 5 (Exemption in respect of certain gifts), Income-tax Act 10 (Incomes not included in total income), 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
- First Schedule. First Schedule7022 words
- 2. Income-tax2374 words
- 32. Insertion of new section 80-IA2233 words
- 101. Substitution of new sections for sections 11 to 131889 words
- 5. Amendment of section 101415 words
- 28. Amendment of section 80HHC1101 words
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