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Section49
The Finance Act, 1997

Amendment of section 195

In force As on 07 Oct 2026

Ministry Finance

Section 49 of the Finance Act, 1997 deals with amendment of section 195. Amendment of section 195. 49. In section 195 of the Income-tax Act, in sub-section (1), after the first proviso, the following proviso shall be inserted with effect from the 1st day of June, 1997, namely:— "Provided further that no such deduction shall be made in respect of any dividends referred to

Amendment of section 195.

49. In section 195 of the Income-tax Act, in sub-section (1), after the first proviso, the following proviso shall be inserted with effect from the 1st day of June, 1997, namely:—

"Provided further that no such deduction shall be made in respect of any dividends referred to in section 115-O.".

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Section 49, The Finance Act, 1997.

Cross-references

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

This section refers to

  1. Income-tax Act s. 195 Other sums

Questions about Section 49

What does Section 49 of the Finance Act deal with?

Section 49 of the Finance Act is headed "Amendment of section 195". Amendment of section 195. 49. In section 195 of the Income-tax Act, in sub-section (1), after the first proviso, the following proviso shall be inserted with effect from the 1st day of June, 1997, namely:— "Provided further that no such deduction shall be made in respect of any dividends referred to

How do I find court cases under Section 49 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 1997 49, section 49 Finance Act 1997, section 49 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 49 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 195 (Other sums), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 1997. 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.