Substitution of new section for section 71A
Section 22 of the Finance Act, 1994 deals with substitution of new section for section 71A. Substitution of new section for section 71 A. The Act was enacted on 13 May 1994.
Substitution of new section for section 71 A.
22. For section 71A of the Income-tax Act, the following section shall be substituted with effect from the 1st day of April, 1995, namely:—
71 A. Transitional provisions for set off of loss under the head "Income from house property".—Where in respect of the assessment year commencing on the 1st day of April, 1993 or the 1st day of April, 1994, the net result of the computation under the head "Income from house property" is a loss, such loss in so far as it relates to interest on borrowed capital referred to in clause (vi) of sub-section (1) of section 24 and to the extent it has not been set off shall be carried forward and set off in the assessment year commencing on the 1st day of April, 1995, and the balance, if any, in the assessment year commencing on the 1st day of April, 1996, against the income under any head.'.
[Finance Act, 1994]
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Section 22, The Finance Act, 1994 (Act 32 of 1994).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 22
What does Section 22 of the Finance Act deal with?
Section 22 of the Finance Act is headed "Substitution of new section for section 71A". Substitution of new section for section 71 A.
How do I find court cases under Section 22 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 1994 22, section 22 Finance Act 1994, section 22 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 22 of the Finance Act, and has it changed?
Its own text turns on section 24 (Amendment of section 80G), Income-tax Act 71A (Transitional provisions for set off of loss under the head "Income from house property"), so none of them can safely be read on its own.
When was Section 22 of the Finance Act enacted?
Section 22 of the Finance Act, cited as Finance Act 1994 22, was enacted on 13 May 1994 as Act 32 of 1994. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule5507 words
- 2. Income-tax2077 words
- 16. Insertion of new sections 44AD and 44AE987 words
- 32. Amendment of section 115A828 words
- 45. Amendment of section 234C587 words
- 6. Amendment of section 10557 words
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