Insertion of new section 5A
Section 4 of the Finance Act, 1994 deals with insertion of new section 5A. Insertion of new section 5A. 4. After section 5 of the Income-tax Act, the following section shall be inserted and shall be deemed to have been inserted with effect from the 1St day of April, 1963, namely:- '5A. The Act was enacted on 13 May 1994.
Insertion of new section 5A.
4. After section 5 of the Income-tax Act, the following section shall be inserted and shall be deemed to have been inserted with effect from the 1St day of April, 1963, namely:-
'5A. Apportionment of income between spouses governed by Portuguese Civil Code.—(1) Where the husband and wife are governed by the system of community of property (known under the Portuguese Civil Code of 1860 as "COMMUNIAO DOS BENS") in force in the State of Goa and in the Union territories of Dadra and Nagar haveli and Daman and Diu, the income of the husband and of the wife under any head of income shall not be assessed as that of such community of property (whether treated as an association of person's or a body of, individuals), but such income of the husband and of the wife under each head of income (other than under the head "Salaries") shall be apportioned equally between the husband and the wife and the income so apportioned shall be included separately in the total income of the husband and of the wife respectively, and the remaining provisions of this Act shall apply accordingly.
(2) Where the husband or, as the case may be, the wife governed by the aforesaid system of community of property has any income under the head "Salaries", such income shall be included in the total income of the spouse who has actually earned it.'.
[Finance Act, 1994]
© Copyright. Taxmann Publications Pvt. Ltd.
Section 4, 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.
This section refers to
Referred to by 2
Questions about Section 4
What does Section 4 of the Finance Act deal with?
Section 4 of the Finance Act is headed "Insertion of new section 5A". Insertion of new section 5A. 4. After section 5 of the Income-tax Act, the following section shall be inserted and shall be deemed to have been inserted with effect from the 1St day of April, 1963, namely:- '5A.
How do I find court cases under Section 4 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 4, section 4 Finance Act 1994, section 4 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 4 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 5 (Scope of total income), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When was Section 4 of the Finance Act enacted?
Section 4 of the Finance Act, cited as Finance Act 1994 4, 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
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.