Amendment of section 195
Section 80 of the Finance Act, 2003 deals with amendment of section 195. Amendment of section 195. 80. In section 195 of the Income-tax Act,— (a ) in sub-section (1),— (i) the brackets and words "(not being interest on securities)" shall be omitted with effect from the 1st day of June, 2003;
Amendment of section 195.
80. In section 195 of the Income-tax Act,—
(a ) in sub-section (1),—
(i) the brackets and words "(not being interest on securities)" shall be omitted with effect from the 1st day of June, 2003;
(ii) after the proviso and before the Explanation, the following proviso shall be inserted, namely:—
" Provided further that no such deduction shall be made in respect of any dividends referred to in section 115-O.";
(b ) in sub-section (2), for the brackets and words "(other than interest on securities and salary)", the brackets and words "(other than salary)" shall be substituted with effect from the 1st day of June, 2003.
© Copyright. Taxmann Publications Pvt. Ltd.
Section 80, The Finance Act, 2003.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 80
What does Section 80 of the Finance Act deal with?
Section 80 of the Finance Act is headed "Amendment of section 195". Amendment of section 195. 80. In section 195 of the Income-tax Act,— (a ) in sub-section (1),— (i) the brackets and words "(not being interest on securities)" shall be omitted with effect from the 1st day of June, 2003;
How do I find court cases under Section 80 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 2003 80, section 80 Finance Act 2003, section 80 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 80 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 195 (Other sums), so none of them can safely be read on its own. 6 other provisions in this corpus refer back to it.
When was the Finance Act enacted?
Finance Act was enacted in 2003. 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
- First Schedule. First Schedule5940 words
- 2. Income-tax2243 words
- 6. Amendment of section 101472 words
- 40. Insertion of new section 80-IC1270 words
- 99. Insertion of Thirteenth and Fourteenth Schedules1215 words
- 65. Insertion of new sections 153A, 153B and 153C977 words
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.