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Section15
The Finance Act, 1999

Amendment of section 35

In force As on 08 Oct 2026

Ministry Finance Cited by 1 provision

Section 15 of the Finance Act, 1999 deals with amendment of section 35. Amendment of section 35. 15. In section 35 of the Income-tax Act, with effect from the 1st day of April, 2000,— (a ) in sub-section (1),— (i) in clause (ii),— (A) for the words "any sum paid", the words "an amount equal to one and one-fourth times of any sum paid" shall be substituted;

Amendment of section 35.

15. In section 35 of the Income-tax Act, with effect from the 1st day of April, 2000,—

(a ) in sub-section (1),—

(i) in clause (ii),—

(A) for the words "any sum paid", the words "an amount equal to one and one-fourth times of any sum paid" shall be substituted;

(B) in the proviso, for the words "prescribed authority", the words "Central Government" shall be substituted;

(ii) in clause (iii),—

(A) for the words "any sum paid", the words "an amount equal to one and one-fourth times of any sum paid" shall be substituted;

(B) in the proviso, for the words "prescribed authority", the words "Central Government" shall be substituted;

(iii) after clause (iv), in the first proviso, second proviso and third proviso, for the words "prescribed authority", wherever they occur, the words "Central Government" shall be substituted;

(b ) in sub-section (2AB), in clause (5), for the figures "2000", the figures "2005" shall be substituted;

(c ) for sub-section (3), the following sub-section shall be substituted, namely :—

"(3) If any question arises under this section as to whether, and if so, to what extent, any activity constitutes or constituted, or any asset is or was being used for, scientific research, the Board shall refer the question to—

(a) the Central Government, when such question relates to any activity under clauses (ii) and (iii) of sub-section (1), and its decision shall be final;

(b) the prescribed authority, when such question relates to any activity other than the activity specified in clause (a), whose decision shall be final.".

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Section 15, The Finance Act, 1999.

Cross-references

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

This section refers to

  1. s. 35 Amendment of section 49
  2. Income-tax Act s. 35 Expenditure on scientific research

Referred to by 1

  1. s. 92 Amendment of section 16

Questions about Section 15

What does Section 15 of the Finance Act deal with?

Section 15 of the Finance Act is headed "Amendment of section 35". Amendment of section 35. 15. In section 35 of the Income-tax Act, with effect from the 1st day of April, 2000,— (a ) in sub-section (1),— (i) in clause (ii),— (A) for the words "any sum paid", the words "an amount equal to one and one-fourth times of any sum paid" shall be substituted;

How do I find court cases under Section 15 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 1999 15, section 15 Finance Act 1999, section 15 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 15 of the Finance Act, and has it changed?

Its own text turns on section 35 (Amendment of section 49), Income-tax Act 35 (Expenditure on scientific research), 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 1999. 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.