Amendment of section 80CCA
Section 42 of the Finance Act, 1992 deals with amendment of section 80CCA. Amendment of section 80CCA. 42. In section 80CCA of the Income-tax Act, with effect-from' the 1st day of April, 1993,— (a) in sub-section (1), after the proviso, the following proviso shall be inserted, namely:— "Provided further that no deduction under this sub-section shall be allowed in relation
Amendment of section 80CCA.
42. In section 80CCA of the Income-tax Act, with effect-from' the 1st day of April, 1993,—
(a) in sub-section (1), after the proviso, the following proviso shall be inserted, namely:—
"Provided further that no deduction under this sub-section shall be allowed in relation to any amount deposited or place under clauses (i) and (ii) on or after the 1st day of April, 1992.";
(b) in sub-section (2), the following proviso shall be inserted at the end, namely: —
"'Provided that nothing contained in this sub-section shall apply to any amount received by the assessee on account of the surrender of the policy in accordance with the terms of the annuity plan of the Life Insurance Corporation where the assessee elects to surrender before the 1st day of October, 1992, the said annuity plan in respect of which he had paid any amount under clause (ii) of sub-section (1) before the 1st day of April, 1992.".
[Finance Act, 1992]
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Section 42, 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.
Questions about Section 42
What does Section 42 of the Finance Act deal with?
Section 42 of the Finance Act is headed "Amendment of section 80CCA". Amendment of section 80CCA. 42. In section 80CCA of the Income-tax Act, with effect-from' the 1st day of April, 1993,— (a) in sub-section (1), after the proviso, the following proviso shall be inserted, namely:— "Provided further that no deduction under this sub-section shall be allowed in relation
How do I find court cases under Section 42 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 42, section 42 Finance Act 1992, section 42 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 42 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 80CCA (Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan), 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
- First Schedule. First Schedule6776 words
- 2. Income-tax2308 words
- 4. Amendment of section 101580 words
- 58. Insertion of new Chapter XII-C876 words
- 16. Amendment of section 40813 words
- 35. Amendment of section 64707 words
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