Amendment of section 15
Section 86 of the Finance Act, 1991 deals with amendment of section 15. Amendment of section 15. 86. In section 15 of the Gift-tax Act, with effect from the 1st day of October.
Amendment of section 15.
86. In section 15 of the Gift-tax Act, with effect from the 1st day of October. 1991 —
(a) in sub-section (2), for the proviso, the following proviso shall be substituted, namely: —
"Provided that no notice under this sub-section shall be served on, the assessee after the expiry of twelve months from the end of the month in which the return is furnished.";
(b) the following Explanation shall be- inserted, at the end, namely: —
"Explanation.—An intimation sent to the assessee under subsection (2) or sub-section (1B) shall be deemed to be an order for the purposes of sub-section (2) of section 24.".
[Finance (No.
2) Act, 1991]
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Section 86, 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
Questions about Section 86
What does Section 86 of the Finance Act deal with?
Section 86 of the Finance Act is headed "Amendment of section 15". Amendment of section 15. 86. In section 15 of the Gift-tax Act, with effect from the 1st day of October.
How do I find court cases under Section 86 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 86, section 86 Finance Act 1991, section 86 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 86 of the Finance Act, and has it changed?
Its own text turns on section 15 (Insertion of new section 43D), section 24 (Amendment of section 74), Gift-tax Act 15 (Assessment), 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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