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Section12
The Finance Act, 1992

Amendment of section 33AC

In force Act 18 of 1992 As on 13 Oct 2026

Act 18 of 1992 Ministry Finance

Section 12 of the Finance Act, 1992 deals with amendment of section 33AC. Amendment of section 33AC. 12. In section 33AC of the Income-tax Act, with effect from the 1st day of April, 1993,— (a) in sub-section (1), after the words "an assessee, being", the words "a Government company or" shall be inserted;

Amendment of section 33AC.

12. In section 33AC of the Income-tax Act, with effect from the 1st day of April, 1993,—

(a) in sub-section (1), after the words "an assessee, being", the words "a Government company or" shall be inserted;

(b) in the Explanation, after clause (a), the following clause shall be inserted, namely:—

(aa) "Government company" shall have the meaning assigned to it in section 617 of the Companies Act, 1956; (1 of 1956) .

[Finance Act, 1992]

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Section 12, The Finance Act, 1992 (Act 18 of 1992).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 33AC Reserves for shipping business

Questions about Section 12

What does Section 12 of the Finance Act deal with?

Section 12 of the Finance Act is headed "Amendment of section 33AC". Amendment of section 33AC. 12. In section 33AC of the Income-tax Act, with effect from the 1st day of April, 1993,— (a) in sub-section (1), after the words "an assessee, being", the words "a Government company or" shall be inserted;

How do I find court cases under Section 12 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 1992 12, section 12 Finance Act 1992, section 12 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 12 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 33AC (Reserves for shipping business), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 1992 as Act 18 of 1992. 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.