Act18
Enacted 2005

The Finance Act, 2005

In force 70 sections Finance

An Act to give effect to the financial proposals of the Central Government for the financial year 2005-2006.

Act 18 of 2005 Enacted 13 May 2005 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 2005

What this Act covers

The Finance Act for 2005. 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. 70 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 16
  7. 7Amendment of section 17
  8. 8Amendment of section 32
  9. 9Amendment of section 33AC
  10. 10Amendment of section 35
  11. 11Amendment of section 35DDA
  12. 12Amendment of section 36
  13. 13Amendment of section 40
  14. 14Amendment of section 43
  15. 15Amendment of section 47
  16. 16Amendment of section 49
  17. 17Amendment of section 54EC
  18. 18Amendment of section 54ED
  19. 19Insertion of new section 72AA
  20. 20Amendment of section 73
  21. 21Insertion of new section 80C
  22. 22Amendment of section 80CCC
  23. 23Amendment of section 80CCD
  24. 24Insertion of new section 80CCE
  25. 25Substitution of new section for section 80E
  26. 26Amendment of section 80-IA
  27. 27Amendment of section 80-IB
  28. 28Omission of section 80L
  29. 29Amendment of section 88
  30. 30Omission of section 88B
  31. 31Omission of section 88C
  32. 32Omission of section 88D
  33. 33Amendment of section 112
  34. 34Amendment of section 115A
  35. 35Amendment of section 115JAA
  36. 36Amendment of section 115VD
  37. 37Insertion of new Chapter XII-H
  38. 38Amendment of section 119
  39. 39Amendment of section 124
  40. 40Amendment of section 139
  41. 41Amendment of section 139A
  42. 42Amendment of section 140
  43. 43Amendment of section 140A
  44. 44Amendment of section 142
  45. 45Amendment of section 153
  46. 46Amendment of section 153B
  47. 47Amendment of section 153C
  48. 48Amendment of section 194A
  49. 49Amendment of section 194C
  50. 50Amendment of section 199
  51. 51Amendment of section 203
  52. 52Insertion of new section 206A
  53. 53Amendment of section 206C
  54. 54Amendment of section 238
  55. 55Amendment of section 239
  56. 56Amendment of section 244A
  57. 57Amendment of section 246A
  58. 58Amendment of section 271
  59. 59Insertion of new section 271FB
  60. 60Amendment of section 272A
  61. 61Amendment of section 273B
  62. 62Amendment of section 276CC
  63. 63Amendment of section 278
  64. 64Amendment of section 295
  65. 113Amendment of Act 5 of 1873
  66. 114Insertion of new section 8B in Act 2 of 1899
  67. 115Amendment of section 2 of Act 49 of 1950
  68. 117Amendment of section 2 of Act 46 of 1959
  69. 124Amendment of Act 23 of 2004
  70. First ScheduleFirst Schedule

Related Acts

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 70 sections of this Act has its own page. This page is not a substitute for legal advice.