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Section58
The Finance Act, 1996

Amendment of section 21 A

In force Act 33 of 1996 As on 18 Oct 2026

Act 33 of 1996 Ministry Finance Cited by 2 provisions

Section 58 of the Finance Act, 1996 deals with amendment of section 21 A. Amendment of section 21 A. 58. In section 21A of the Wealth-tax Act, for the words "Where any property is held-', the words, brackets and figures "Notwithstanding anything contained in clause (i) of section 5, where any property is held" shall be substituted and shall be deemed to have been substitu

Amendment of section 21 A.

58. In section 21A of the Wealth-tax Act, for the words "Where any property is held-', the words, brackets and figures "Notwithstanding anything contained in clause (i) of section 5, where any property is held" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1993.

[Finance (No.

2) Act, 1996]

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Section 58, 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.

This section refers to

  1. s. 5 Amendment of section 12A
  2. s. 21 Amendment of section 56
  3. Wealth-tax Act s. 21A Assessment in cases of diversion of property, or of income from property, held under trust for public charitable or religious purposes

Referred to by 2

  1. s. 1 Short title and commencement
  2. s. First Schedule First Schedule

Questions about Section 58

What does Section 58 of the Finance Act deal with?

Section 58 of the Finance Act is headed "Amendment of section 21 A". Amendment of section 21 A. 58. In section 21A of the Wealth-tax Act, for the words "Where any property is held-', the words, brackets and figures "Notwithstanding anything contained in clause (i) of section 5, where any property is held" shall be substituted and shall be deemed to have been substitu

How do I find court cases under Section 58 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 58, section 58 Finance Act 1996, section 58 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 58 of the Finance Act, and has it changed?

Its own text turns on section 5 (Amendment of section 12A), section 21 (Amendment of section 56), Wealth-tax Act 21A (Assessment in cases of diversion of property, or of income from property, held under trust for public charitable or religious purposes), so none of them can safely be read on its own. 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

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.