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Section117
The Finance Act, 2005

Amendment of section 2 of Act 46 of 1959

In force Act 18 of 2005 As on 06 Oct 2026

Act 18 of 2005 Ministry Finance Enacted 13 May 2005

Section 117 of the Finance Act, 2005 deals with amendment of section 2 of Act 46 of 1959. Amendment of section 2 of Act 46 of 1959. The Act was enacted on 13 May 2005.

Amendment of section 2 of Act 46 of 1959.

117. In section 2 of the Government Savings Certificates Act, 1959, for clause (a), the following clauses shall be substituted, namely:—

‘(a ) "holder", in relation to a savings certificate, means—

(i) a person who holds the savings certificate issued in accordance with the provisions of this Act and of any rules made thereunder at any time before the date on which the Finance Bill, 2005 receives the assent of the President; and

(ii) an individual who holds the savings certificate issued in accordance with the provisions of this Act and of any rules made thereunder at any time on or after the date on which the Finance Bill, 2005 receives the assent of the President;

(aa) "minor" means a person who is not deemed to have attained his majority under the Majority Act, 1875 (9 of 1875);’.

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Section 117, The Finance Act, 2005 (Act 18 of 2005).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 2 Income-tax

Questions about Section 117

What does Section 117 of the Finance Act deal with?

Section 117 of the Finance Act is headed "Amendment of section 2 of Act 46 of 1959". Amendment of section 2 of Act 46 of 1959.

How do I find court cases under Section 117 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 2005 117, section 117 Finance Act 2005, section 117 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 117 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), so none of them can safely be read on its own.

When was Section 117 of the Finance Act enacted?

Section 117 of the Finance Act, cited as Finance Act 2005 117, was enacted on 13 May 2005 as Act 18 of 2005. 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.