Amendment of section 80-IA

In force Act 33 of 1996 As on 18 Oct 2026

Act 33 of 1996 Ministry Finance Cited by 2 provisions

Section 28 of the Finance Act, 1996 deals with amendment of section 80-IA. Amendment of section 80-IA. 28. In section 80-IA of the Income-tax Act, with effect from the 1st day of April, 1997,— (a) in sub-section (1), after the words "infrastructure facility", the words "or scientific and industrial research and development" shall be inserted;

Amendment of section 80-IA.
28. In section 80-IA of the Income-tax Act, with effect from the 1st day of April, 1997,—
(a) in sub-section (1), after the words "infrastructure facility", the words "or scientific and industrial research and development" shall be inserted;
(b) after sub-section (4A), the following sub-section shall be inserted, namely:—
"(4B) This section applies to any company registered in India carrying on scientific and industrial research and development which fulfills all the following conditions, namely:—
(i) the company has the main object of scientific and industrial research and development;
(ii) the company is for the time being approved by the prescribed authority at any time before the 1st day of April, 1998.";
(c) in sub-section (5), after clause (ia), the following clause shall be inserted, narnely:—
"(ib) in the case of a company referred to in sub-section (4B), hundred per cent. of the profits and gains derived from such business;";
(d) in-sub-section (6), after clause (iv), the following clause shall be inserted, namely:—
"(v) five in the case of an assessee, being a company referred to in sub-section (4B), deriving profits and gains from scientific and industrial research and development.";
(e) in sub-section (12),—
(i) in clause (c), after sub-clause (2), the following sub-clause shall be inserted, namely:—
"(3) in the case of a company carrying on scientific and industrial research and development, means the assessment year relevant to the previous year in which the company is approved by the prescribed authority for the purposes of sub-section (4B);";
(ii) for clause (ca), the following clause shall be substituted, namely:—
'(ca) "infrastructure facility" means—
(i) a road, highway, bridge, airport, port, rail system or any other public facility of a similar nature as may be notified by the Board in this behalf in the Official Gazette;
(ii) a water supply project, irrigation project, sanitation and sewerage system;'.
[Finance (No.
2) Act, 1996]
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Section 28, The Finance Act, 1996 (Act 33 of 1996).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Referred to by 2

Questions about Section 28

What does Section 28 of the Finance Act deal with?

Section 28 of the Finance Act is headed "Amendment of section 80-IA". Amendment of section 80-IA. 28. In section 80-IA of the Income-tax Act, with effect from the 1st day of April, 1997,— (a) in sub-section (1), after the words "infrastructure facility", the words "or scientific and industrial research and development" shall be inserted;

How do I find court cases under Section 28 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 1996 28, section 28 Finance Act 1996, section 28 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 28 of the Finance Act, and has it changed?

2 other provisions in this corpus refer back to it.

When was the Finance Act enacted?

Finance Act was enacted in 1996 as Act 33 of 1996. 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 Schedule4964 words
2. Income-tax1749 words
20. Insertion of new sections 54EA and 54EB1112 words
39. Insertion of new section 115JA964 words
4. Amendment of section 10695 words
34. Amendment of section 88644 words

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