An Act to give effect to the financial proposals of the Central Government for the financial year 2002-2003.

Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 2002

What this Act covers

The Finance Act for 2002. 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. 124 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 2
4. 4Amendment of section 10
5. 5Amendment of section 10A
6. 6Amendment of section 10B
7. 7Amendment of section 11
8. 8Amendment of section 12
9. 9Amendment of section 12A
10. 10Amendment of section 14A
11. 11Amendment of section 17
12. 12Amendment of section 24
13. 13Amendment of section 28
14. 14Amendment of section 32
15. 15Amendment of section 33AC
16. 16Amendment of section 35AC
17. 17Amendment of section 35CCB
18. 18Amendment of section 35DDA
19. 19Amendment of section 36
20. 20Amendment of section 40
21. 21Substitution of new section for section 43A
22. 22Amendment of section 44AE
23. 23Amendment of section 47
24. 24Insertion of new section 50C
25. 25Amendment of section 54EC
26. 26Amendment of section 55
27. 27Substitution of new section for section 70
28. 28Amendment of section 72A
29. 29Amendment of section 74
30. 30Amendment of section 80G
31. 31Amendment of section 80GGA
32. 32Amendment of section 80HHD
33. 33Amendment of section 80-IA
34. 34Amendment of section 80-IB
35. 35Amendment of section 80L
36. 36Insertion of new section 80M
37. 37Amendment of section 88
38. 38Substitution of new section for section 89
39. 39Substitution of new section for section 92
40. 40Amendment of section 92A
41. 41Amendment of section 92C
42. 42Insertion of new section 92CA
43. 43Amendment of section 92F
44. 44Amendment of section 113
45. 45Amendment of section 115A
46. 46Amendment of section 115AC
47. 47Amendment of section 115ACA
48. 48Amendment of section 115AD
49. 49Insertion of new section 115BBB
50. 50Amendment of section 115C
51. 51Amendment of section 115JA
52. 52Amendment of section 115JB
53. 53Amendment of section 115-O
54. 54Amendment of section 115R
55. 55Amendment of section 119
56. 56Amendment of section 132
57. 57Substitution of new section for section 132B
58. 58Amendment of section 133A
59. 59Amendment of section 139
60. 60Amendment of section 143
61. 61Amendment of section 153
62. 62Amendment of section 155
63. 63Amendment of section 158A
64. 64Amendment of section 158B
65. 65Amendment of section 158BB
66. 66Amendment of section 158BC
67. 67Amendment of section 158BD
68. 68Amendment of section 158BE
69. 69Insertion of new section 174A
70. 70Amendment of section 190
71. 71Amendment of section 192
72. 72Amendment of section 193
73. 73Amendment of section 194
74. 74Amendment of section 194A
75. 75Amendment of section 194C
76. 76Amendment of section 194H
77. 77Amendment of section 194-I
78. 78Amendment of section 194J
79. 79Substitution of new section for section 194K
80. 80Amendment of section 195
81. 81Amendment of section 195A
82. 82Amendment of section 196A
83. 83Amendment of section 196C
84. 84Amendment of section 196D
85. 85Amendment of section 197A
86. 86Amendment of section 198
87. 87Amendment of section 199
88. 88Amendment of section 200
89. 89Amendment of section 201
90. 90Amendment of section 203
91. 91Insertion of new section 206CA
92. 92Amendment of section 210
93. 93Amendment of section 244A
94. 94Amendment of section 245C
95. 95Amendment of section 245D
96. 96Omission of section 245HA
97. 97Amendment of section 252
98. 98Amendment of section 253
99. 99Substitution of new section for section 269T
100. 100Insertion of new section 269UP
101. 101Amendment of section 271
102. 102Substitution of new section for section 271F
103. 103Amendment of section 272A
104. 104Insertion of new section 272B
105. 105Insertion of new section 272BBB
106. 106Amendment of section 273B
107. 107Insertion of new section 275B
108. 108Amendment of section 279
109. 109Amendment of Second Schedule
110. 110Amendment of section 18
111. 111Amendment of section 18C
112. 112Amendment of section 22D
113. 113Omission of section 22HA
114. 114Amendment of section 34A
115. 115Amendment of section 3
116. 116Amendment of section 5
117. 157Omission of section 43A of Act 31 of 1956
118. 158Omission of section 35A of Act 57 of 1972
119. 159[Omission of section 22A of Act 47 of 1974]
120. 160[Amendment of the Schedule to Act 47 of 1974]
121. 161Amendment of notification issued under sub-section (4) of section 15 of the Oil Industry (Development) Act read with section 5A of the Central Excise Act
122. 162[Omission of section 44 of Act 37 of 1987]
123. 163[Omission of section 22 of Act 25 of 1990]
124. First ScheduleFirst Schedule

Related Acts

• The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 200261 sections
• The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 200225 sections
• The Finance Act, 2003108 sections
• The Finance Act, 2001102 sections
• The Prevention of Money-Laundering Act, 200281 sections
• The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 200315 sections
• The Fiscal Responsibility and Budget Management Act, 200314 sections
• The Finance Act, 200082 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 124 sections of this Act has its own page. This page is not a substitute for legal advice.