Amendment of section 238

Q: When was Section 54 of the Finance Act enacted?

Section 54 of the Finance Act, cited as Finance Act 2005 54, was enacted on 13 May 2005 as Act 18 of 2005. It is in force as at the date shown on this page.

In force Act 18 of 2005 As on 11 Oct 2026

Act 18 of 2005 Ministry Finance Enacted 13 May 2005

Section 54 of the Finance Act, 2005 deals with amendment of section 238. Amendment of section 238. 54. In section 238 of the Income-tax Act, after sub-section (1), the following sub-section shall be inserted with effect from the 1st day of April, 2006, namely:— "(1A) Where the value of fringe benefits provided or deemed to have been provided by one employer is included u The Act was enacted on 13 May 2005.

Amendment of section 238.
54. In section 238 of the Income-tax Act, after sub-section (1), the following sub-section shall be inserted with effect from the 1st day of April, 2006, namely:—
"(1A) Where the value of fringe benefits provided or deemed to have been provided by one employer is included under any provisions of Chapter XII-H in the value of fringe benefits provided or deemed to have been provided by any other employer, the latter alone shall be entitled to a refund under this Chapter in respect of such fringe benefits.".
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Section 54, 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

Income-tax Act s. 238 Person entitled to claim refund in certain special cases

Questions about Section 54

What does Section 54 of the Finance Act deal with?

Section 54 of the Finance Act is headed "Amendment of section 238". Amendment of section 238. 54. In section 238 of the Income-tax Act, after sub-section (1), the following sub-section shall be inserted with effect from the 1st day of April, 2006, namely:— "(1A) Where the value of fringe benefits provided or deemed to have been provided by one employer is included u

How do I find court cases under Section 54 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 54, section 54 Finance Act 2005, section 54 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 54 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 238 (Person entitled to claim refund in certain special cases), so none of them can safely be read on its own.

When was Section 54 of the Finance Act enacted?

Section 54 of the Finance Act, cited as Finance Act 2005 54, 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

First Schedule. First Schedule6312 words
37. Insertion of new Chapter XII-H3647 words
21. Insertion of new section 80C2707 words
2. Income-tax2474 words
47. Amendment of section 153C350 words
19. Insertion of new section 72AA337 words

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