Amendment of section 32
Section 7 of the Finance Act, 1995 deals with amendment of section 32. Amendment of section 32. 7. In section 32 of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1996,— (a) the first proviso shall be omitted;
Amendment of section 32.
7. In section 32 of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1996,—
(a) the first proviso shall be omitted;
(b) in the second proviso, the word "further" shall be omitted;
(c) in the third proviso, for the word, "also", the word "further" shall be substituted.
[Finance Act, 1995]
© Copyright. Taxmann Publications Pvt. Ltd.
Section 7, The Finance Act, 1995 (Act 22 of 1995).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 7
What does Section 7 of the Finance Act deal with?
Section 7 of the Finance Act is headed "Amendment of section 32". Amendment of section 32. 7. In section 32 of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1996,— (a) the first proviso shall be omitted;
How do I find court cases under Section 7 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 1995 7, section 7 Finance Act 1995, section 7 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 7 of the Finance Act, and has it changed?
Its own text turns on section 32 (Insertion of new Chapter XIV-B), Income-tax Act 32 (Depreciation), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1995 as Act 22 of 1995. 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 Schedule5064 words
- 2. Income-tax1851 words
- 32. Insertion of new Chapter XIV-B1627 words
- 4. Amendment of section 101177 words
- 36. Insertion of new sections 194J and 194K967 words
- 30. Substitution of new section for section 139A690 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.