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Section56
The Finance Act, 2005

Amendment of section 244A

In force Act 18 of 2005 As on 11 Oct 2026

Act 18 of 2005 Ministry Finance Enacted 13 May 2005

Section 56 of the Finance Act, 2005 deals with amendment of section 244A. Amendment of section 244A. 56. In section 244A of the Income-tax Act, with effect from the 1st day of April, 2006,— (a ) in sub-section (1), in clause (a),— (i) for the words "out of any tax", the words, figures and letters "out of any tax paid under section 115WJ or" shall be substituted; The Act was enacted on 13 May 2005.

Amendment of section 244A.

56. In section 244A of the Income-tax Act, with effect from the 1st day of April, 2006,—

(a ) in sub-section (1), in clause (a),—

(i) for the words "out of any tax", the words, figures and letters "out of any tax paid under section 115WJ or" shall be substituted;

(ii) in the proviso, for the words "under sub-section", the words, brackets, figures and letters "under sub-section (1) of section 115WE or sub-section" shall be substituted;

(b ) in sub-section (3), for the words "result of an order under", the words, brackets, figures and letters "result of an order under sub-section (3) of section 115WE or section 115WF or section 115WG or" shall be substituted;

(c ) in sub-section (4), the following proviso shall be inserted, namely:—

" Provided that in respect of assessment of fringe benefits, the provisions of this sub-section shall have effect as if for the figures "1989", the figures "2006" had been substituted.".

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Section 56, 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. Income-tax Act s. 244A Interest on refunds

Questions about Section 56

What does Section 56 of the Finance Act deal with?

Section 56 of the Finance Act is headed "Amendment of section 244A". Amendment of section 244A. 56. In section 244A of the Income-tax Act, with effect from the 1st day of April, 2006,— (a ) in sub-section (1), in clause (a),— (i) for the words "out of any tax", the words, figures and letters "out of any tax paid under section 115WJ or" shall be substituted;

How do I find court cases under Section 56 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 56, section 56 Finance Act 2005, section 56 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 56 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 244A (Interest on refunds), so none of them can safely be read on its own.

When was Section 56 of the Finance Act enacted?

Section 56 of the Finance Act, cited as Finance Act 2005 56, 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.