Amendment of section 80D
Section 40 of the Finance Act, 1999 deals with amendment of section 80D. Amendment of section 80D. 40. In section 80D of the Income-tax Act, with effect from the 1st day of April, 2000,— (a ) in sub-section (1), after clause (ii), the following proviso shall be inserted, namely :— " Provided that where the sum specified in sub-section (2) is paid to effect or to keep in
Amendment of section 80D.
40. In section 80D of the Income-tax Act, with effect from the 1st day of April, 2000,—
(a ) in sub-section (1), after clause (ii), the following proviso shall be inserted, namely :—
" Provided that where the sum specified in sub-section (2) is paid to effect or to keep in force an insurance on the health of the assessee, or his wife or her husband or dependant parents or any member of the family in case the assessee is a Hindu undivided family, and who is a senior citizen, the provisions of this section shall have effect as if for the words "ten thousand rupees", the words "fifteen thousand rupees" had been substituted;";
(b ) in sub-section (2), the following Explanation shall be inserted at the end, namely :—
‘Explanation.— For the purpose of this section, "senior citizen" shall have the meaning assigned to it in the Explanation to section 80DDB.’.
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Section 40, The Finance Act, 1999.
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Questions about Section 40
What does Section 40 of the Finance Act deal with?
Section 40 of the Finance Act is headed "Amendment of section 80D". Amendment of section 80D. 40. In section 80D of the Income-tax Act, with effect from the 1st day of April, 2000,— (a ) in sub-section (1), after clause (ii), the following proviso shall be inserted, namely :— " Provided that where the sum specified in sub-section (2) is paid to effect or to keep in
How do I find court cases under Section 40 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 40, section 40 Finance Act 1999, section 40 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 40 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 80D (Deduction in respect of health insurance premia), 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
- 50. Substitution of new section for section 80-IA5311 words
- First Schedule. First Schedule5092 words
- 2. Income-tax1942 words
- 6. Amendment of section 101681 words
- 3. Amendment of section 21112 words
- 38. Substitution of new section for section 72A903 words
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