Amendment of section 4

In force As on 07 Oct 2026

Ministry Finance Cited by 1 provision

Section 59 of the Finance Act, 1997 deals with amendment of section 4. Interest-tax Amendment of section 4. 59. In section 4 of the Interest-tax Act, 1974 (45 of 1974) (hereinafter referred to as the Interest-tax Act), in sub-section (2), the following proviso shall be inserted with effect from the 1st day of April, 1998, namely :— "Provided that the rate at which inte

Interest-tax
Amendment of section 4.
59. In section 4 of the Interest-tax Act, 1974 (45 of 1974) (hereinafter referred to as the Interest-tax Act), in sub-section (2), the following proviso shall be inserted with effect from the 1st day of April, 1998, namely :—
"Provided that the rate at which interest-tax shall be charged in respect of any chargeable interest accruing or arising after the 31st day of March, 1997 shall be two per cent of such chargeable interest.".
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Section 59, The Finance Act, 1997.

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Questions about Section 59

What does Section 59 of the Finance Act deal with?

Section 59 of the Finance Act is headed "Amendment of section 4". Interest-tax Amendment of section 4. 59. In section 4 of the Interest-tax Act, 1974 (45 of 1974) (hereinafter referred to as the Interest-tax Act), in sub-section (2), the following proviso shall be inserted with effect from the 1st day of April, 1998, namely :— "Provided that the rate at which inte

How do I find court cases under Section 59 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 59, section 59 Finance Act 1997, section 59 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 59 of the Finance Act, and has it changed?

Its own text turns on section 4 (Amendment of section 16), Interest-tax Act 4 (Charge of tax), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

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

First Schedule. First Schedule4803 words
2. Income-tax1461 words
25. Amendment of section 80-IA1316 words
6. Insertion of new section 35ABB644 words
40. Insertion of new Chapter XII-D552 words
3. Amendment of section 10486 words

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