An Act to give effect to the financial proposals of the Central Government for the financial year 1998-1999.

Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 1998

What this Act covers

The Finance Act for 1998. 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. 99 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Substitution of new authorities
4. 4Amendment of section 2
5. 5Amendment of section 10
6. 6Amendment of section 16
7. 7Amendment of section 17
8. 8Amendment of section 24
9. 9Amendment of section 32
10. 10Insertion of new section 33ABA
11. 11Amendment of section 35
12. 12Amendment of section 35A
13. 13Amendment of section 35AB
14. 14Amendment of section 35D
15. 15Amendment of section 37
16. 16Amendment of section 41
17. 17Amendment of section 42
18. 18Amendment of section 43
19. 19Amendment of section 43B
20. 20Amendment of section 44AA
21. 21Amendment of section 47
22. 22Amendment of section 47A
23. 23Insertion of new section 50A
24. 24Amendment of section 54H
25. 25Amendment of section 69C
26. 26Insertion of new section 71B
27. 27Amendment of section 72A
28. 28Substitution of new section for sections 80DD and 80DDA
29. 29Amendment of section 80G
30. 30Insertion of new section 80GG
31. 31Insertion of new section 80HHBA
32. 32Amendment of section 80HHD
33. 33Amendment of section 80HHE
34. 34Amendment of section 80-IA
35. 35Insertion of new section 80JJA
36. 36Insertion of new section 80JJAA
37. 37Amendment of section 80P
38. 38Amendment of section 115AD
39. 39Amendment of section 116
40. 40Amendment of section 139
41. 41Amendment of section 139A
42. 42Amendment of section 143
43. 43Insertion of new section 145A
44. 44Amendment of section 158BA
45. 45Amendment of section 158BB
46. 46Amendment of section 158BE
47. 47Amendment of section 192
48. 48Amendment of Chapter XIX-B
49. 49Insertion of new section 246A
50. 50Amendment of section 249
51. 51Amendment of section 252
52. 52Amendment of section 253
53. 53Amendment of section 254
54. 54Amendment of section 255
55. 55Amendment of section 256
56. 56Amendment of section 257
57. 57Amendment of section 260
58. 58Insertion of new sub-heading and sections in Chapter XX
59. 59Amendment of section 261
60. 60Amendment of section 264
61. 61Substitution of new section for section 271F
62. 62Amendment of section 272A
63. 63Amendment of section 285B
64. 64Amendment of First Schedule
65. 65Consequential amendments
66. 66Substitution of new authorites
67. 67Amendment of section 2
68. 68Amendment of section 5
69. 69Insertion of new section 23A
70. 70Amendment of section 24
71. 71Amendment of section 25
72. 72Insertion of new section 27A
73. 73Amendment of section 28
74. 74Amendment of section 29
75. 75Amendment of section 3
76. 76Application of the provisions of the Wealth-tax Act
77. 77Amendment of section 3
78. 78Amendment of section 15
79. 79Amendment of section 16
80. 80Amendment of section 20
81. 81Amendment of section 3
82. 82Amendment of section 6
83. 83Amendment of section 21
84. 84Amendment of section 22
85. 85Amendment of section 23
86. 86Short title and commencement
87. 87Definitions
88. 88Settlement of tax payable
89. 89Particulars to be furnished in declaration
90. 90Time and Manner of payment of tax arrear
91. 91Immunity from prosecution and imposition of penalty in certain cases
92. 92Appellate authority not to proceed in certain cases
93. 93No refund of amount paid under the Scuheme
94. 94Removal of doubts
95. 95Scheme not to apply in certain cases
96. 96Power of Central Government to issue directions
97. 97Power to remove difficulties
98. 98Power to make rules
99. -THE SCHEDULE

Related Acts

• The Finance Act, 1999102 sections
• The Finance Act, 199780 sections
• The Foreign Exchange Management Act, 199952 sections
• The Insurance Regulatory and Development Authority Act, 199939 sections
• The Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 199715 sections
• The Finance Act, 200082 sections
• The Depositories Act, 199660 sections
• The Finance Act, 199659 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 99 sections of this Act has its own page. This page is not a substitute for legal advice.