Amendment of section 35
Section 9 of the Finance Act, 1993 deals with amendment of section 35. Amendment of section 35. 9. In section 35 of the Income-tax Act, after sub-section (2A), the following sub-section shall be inserted with effect from the 1st day of April, 1994, namely:— '(2AA) Where the assessee pays any sum to a National Laboratory with a specific direction that the said sum shall
Amendment of section 35.
9. In section 35 of the Income-tax Act, after sub-section (2A), the following sub-section shall be inserted with effect from the 1st day of April, 1994, namely:—
'(2AA) Where the assessee pays any sum to a National Laboratory with a specific direction that the said sum shall be used for scientific research undertaken under a programme approved in this behalf by the prescribed authority, then—
(a) there shall be allowed a deduction of a sum equal to one and one-fourth times the sum so paid; and
(b) no deduction in respect of such sum shall be allowed under any other provision of this Act:
Provided that every National Laboratory desirous of obtaining approval under this sub-section shall make an application in the prescribed form and manner to the prescribed authority:
Provided further that the prescribed authority may, before, granting approval, call for such documents or information from the National Laboratory as it thinks necessary in order to , satisfy itself about the genuineness of the activities relating to scientific research of such Laboratory.
Explanation.— For the purposes of this sub-section, "National Laboratory" means a scientific laboratory functioning at the national level under the aegis of the Indian Council of Agricultural Research; the Indian Council of Medical Resarch of the Council of Scientific and Industrial Research and which is approved as a National Laboratory by the prescribed authority in such mariner as may be prescribed.
[Finance Act, 1993]
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Section 9, The Finance Act, 1993 (Act 38 of 1993).
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Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 9
What does Section 9 of the Finance Act deal with?
Section 9 of the Finance Act is headed "Amendment of section 35". Amendment of section 35. 9. In section 35 of the Income-tax Act, after sub-section (2A), the following sub-section shall be inserted with effect from the 1st day of April, 1994, namely:— '(2AA) Where the assessee pays any sum to a National Laboratory with a specific direction that the said sum shall
How do I find court cases under Section 9 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 1993 9, section 9 Finance Act 1993, section 9 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 9 of the Finance Act, and has it changed?
Its own text turns on section 35 (Amendment of section 269UE), Income-tax Act 35 (Expenditure on scientific research), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1993 as Act 38 of 1993. 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 Schedule5968 words
- 2. Income-tax2352 words
- 42. Amendment of Schedule II2037 words
- 31. Insertion of new Chapter XIX-B1169 words
- 3. Amendment of section 10825 words
- 22. Amendment of section 115K470 words
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