An Act to give effect to the financial proposals of the Central Government for the financial year 1997-1998.

Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1997

What this Act covers

The Finance Act for 1997. Its First Schedule carries the rates of income-tax for the year; the rest amends the Income-tax Act and the other fiscal statutes. The rate of tax for a year is fixed here and not in the Income-tax Act.

Sections

Type to filter. 80 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 10
4. 4Amendment of section 16
5. 5Amendment of section 35
6. 6Insertion of new section 35ABB
7. 7Amendment of section 36
8. 8Amendment of section 37
9. 9Amendment of section 41
10. 10Amendment of section 44AA
11. 11Amendment of section 44AB
12. 12Amendment of section 44AD
13. 13Amendment of section 44AE
14. 14Insertion of new section 44AF
15. 15Amendment of section 44B
16. 16Amendment of section 47
17. 17Amendment of section 47A
18. 18Amendment of section 48
19. 19Amendment of section 55
20. 20Amendment of section 57
21. 21Omission of section 80AA
22. 22Amendment of section 80AB
23. 23Amendment of section 80G
24. 24Omission of section 80GG
25. 25Amendment of section 80-IA
26. 26Omission of section 80JJ
27. 27Amendment of section 80L
28. 28Omission of section 80M
29. 29Amendment of section 80-O
30. 30Amendment of section 88
31. 31Substitution of new section for section 88B
32. 32Amendment of section 115A
33. 33Amendment of section 115AC
34. 34Amendment of section 115AD
35. 35Amendment of section 115C
36. 36Substitution of new section for section 115E
37. 37Amendment of section 115JA
38. 38Insertion of new section 115JAA
39. 39Omission of Chapter XII-C
40. 40Insertion of new Chapter XII-D
41. 41Amendment of section 132
42. 42Amendment of section 139
43. 43Amendment of section 143
44. 44Amendment of section 167A
45. 45Amendment of section 172
46. 46Amendment of section 193
47. 47Amendment of section 194
48. 48Amendment of section 194B
49. 49Amendment of section 195
50. 50Amendment of section 196C
51. 51Amendment of section 196D
52. 52Amendment of section 206
53. 53Amendment of section 271C
54. 54Insertion of new section 271F
55. 55Amendment of section 273B
56. 56Substitution of new section for section 276B
57. 57Amendment of section 281B
58. 58Amendment of Schedule IV
59. 59Amendment of section 4
60. 60Amendment of section 21
61. 61Amendment of section 4
62. 62Short Title and commencement
63. 63Definitions
64. 64Charge of tax on voluntarily disclosed income
65. 65Particulars to be furnished in declaration
66. 66Time for payment of tax
67. 67Interest payable by declarant
68. 68Voluntarily disclosed income not to be included in the total income
69. 69Voluntarily disclosed income not to affect finality of completed assessments, etc
70. 70Tax in respect of voluntarily disclosed income not refundable
71. 71Declaration not admissible in evidence against declarant
72. 72Secrecy of declaration
73. 73Exemption from wealth-tax in respect of assets specified in declaration
74. 74Applicability of certain provisions of Income-tax Act and of Chapter V of Wealth-tax Act
75. 75Removal of doubts
76. 76Power to remove difficulties
77. 77Power to make rules
78. 78Scheme not to apply to certain persons
79. 90Amendment of Act 52 of 1963
80. First ScheduleFirst Schedule

Related Acts

• The Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 199715 sections
• The Finance Act, 199899 sections
• The Depositories Act, 199660 sections
• The Finance Act, 199659 sections
• The Finance Act, 1999102 sections
• The Foreign Exchange Management Act, 199952 sections
• The Finance Act, 199550 sections
• The Insurance Regulatory and Development Authority Act, 199939 sections

Provenance. 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.

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. Every one of the 80 sections of this Act has its own page. This page is not a substitute for legal advice.