Amendment of section 3
Section 90 of the Finance Act, 1992 deals with amendment of section 3. Amendment of section 3. 90. Section 3 of the Wealth-tax Act shall be renumbered as sub-section (1) thereof and, with effect from the 1st day of April, 1993,— (a) in sub-section (1) as so renumbered, after the words and figures "first day of April, 1957'', the words and figures "but before the first
Amendment of section 3.
90. Section 3 of the Wealth-tax Act shall be renumbered as sub-section (1) thereof and, with effect from the 1st day of April, 1993,—
(a) in sub-section (1) as so renumbered, after the words and figures "first day of April, 1957'', the words and figures "but before the first day of April, 1993" shall be inserted;
(b) after sub-section (1) as so renumbered, the following sub-section shall be inserted, namely:—
"(2) Subject to the other provisions contained in this Act, there shall be charged for every assessment year commencing on and from the 1st day of April, 1993, wealth-tax in respect of the net wealth on the corresponding valuation date of every individual, Hindu undivided family and company, at the rate of one per cent, of the amount by which the net wealth exceeds fifteen lakh rupees.".
[Finance Act, 1992]
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Section 90, The Finance Act, 1992 (Act 18 of 1992).
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Questions about Section 90
What does Section 90 of the Finance Act deal with?
Section 90 of the Finance Act is headed "Amendment of section 3". Amendment of section 3. 90. Section 3 of the Wealth-tax Act shall be renumbered as sub-section (1) thereof and, with effect from the 1st day of April, 1993,— (a) in sub-section (1) as so renumbered, after the words and figures "first day of April, 1957'', the words and figures "but before the first
How do I find court cases under Section 90 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 90, section 90 Finance Act 1992, section 90 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 90 of the Finance Act, and has it changed?
Its own text turns on section 3 (Amendment of section 2), Wealth-tax Act 3 (Charge of wealth-tax), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
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
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.