Amendment of section 80HHB
Section 45 of the Finance Act, 1999 deals with amendment of section 80HHB. Amendment of section 80HHB. 45. In section 80HHB of the Income-tax Act, with effect from the 1st day of June, 1999,— (a ) in sub-section (3),— (i) after clause (i), the following clause shall be inserted, namely:— "(ia) the assessee furnishes, along with his return of income, a certificate in the pr
Amendment of section 80HHB.
45. In section 80HHB of the Income-tax Act, with effect from the 1st day of June, 1999,—
(a ) in sub-section (3),—
(i) after clause (i), the following clause shall be inserted, namely:—
"(ia) the assessee furnishes, along with his return of income, a certificate in the prescribed form from an accountant as defined in the Explanation below sub-section (2) of section 288, duly signed and verified by such accountant, certifying that the deduction has been correctly claimed in accordance with the provisions of this section;";
(ii) in clause (iii), for the portion beginning with the words "where the Chief Commissioner" and ending with the words "may allow in this behalf", the words "within such further period as the competent authority may allow in this behalf" shall be substituted;
(b ) after sub-section (3), the following Explanation shall be inserted, namely:—
‘Explanation. —For the purposes of clause (iii), the expression "competent authority" means the Reserve Bank of India or such other authority as is authorised under any law for the time being in force for regulating payments and dealings in foreign exchange.’.
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Section 45, The Finance Act, 1999.
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Questions about Section 45
What does Section 45 of the Finance Act deal with?
Section 45 of the Finance Act is headed "Amendment of section 80HHB". Amendment of section 80HHB. 45. In section 80HHB of the Income-tax Act, with effect from the 1st day of June, 1999,— (a ) in sub-section (3),— (i) after clause (i), the following clause shall be inserted, namely:— "(ia) the assessee furnishes, along with his return of income, a certificate in the pr
How do I find court cases under Section 45 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 45, section 45 Finance Act 1999, section 45 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 45 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 80HHB (Deduction in respect of profits and gains from projects outside India), 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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