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Section46
The Finance Act, 1999

Amendment of section 80HHC

In force As on 08 Oct 2026

Ministry Finance Cited by 1 provision

Section 46 of the Finance Act, 1999 deals with amendment of section 80HHC. Amendment of section 80HHC. 46. In section 80HHC of the Income-tax Act,— (a ) in sub-section (2), with effect from the 1st day of June, 1999,— (i) in clause (a), for the portion beginning with the words "where the Chief Commissioner" and ending with the words "may allow in this behalf", the words "w

Amendment of section 80HHC.

46. In section 80HHC of the Income-tax Act,—

(a ) in sub-section (2), with effect from the 1st day of June, 1999,—

(i) in clause (a), 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;

(ii) after clause (a), the following Explanation shall be inserted, namely:—

‘Explanation. —For the purposes of this clause, 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.’;

(b ) after sub-section (4A), the following sub-section shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1992, namely:—

"(4B) For the purposes of computing the total income under sub-section (1) or sub-section (1A), any income not charged to tax under this Act shall be excluded.".

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Section 46, 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. Income-tax Act s. 80HHC Deduction in respect of profits retained for export business

Referred to by 1

  1. s. 28 Substitution of new section for section 43D

Questions about Section 46

What does Section 46 of the Finance Act deal with?

Section 46 of the Finance Act is headed "Amendment of section 80HHC". Amendment of section 80HHC. 46. In section 80HHC of the Income-tax Act,— (a ) in sub-section (2), with effect from the 1st day of June, 1999,— (i) in clause (a), for the portion beginning with the words "where the Chief Commissioner" and ending with the words "may allow in this behalf", the words "w

How do I find court cases under Section 46 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 46, section 46 Finance Act 1999, section 46 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 46 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 80HHC (Deduction in respect of profits retained for export business), 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.