An Act to give effect to the financial proposals of the Central Government for the financial year 2007-2008.

Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 2007

What this Act covers

The Finance Act for 2007. 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. 96 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 2
4. 4Amendment of section 7
5. 5Amendment of section 9
6. 6Amendment of section 10
7. 7Amendment of section 10AA
8. 8Amendment of section 12A
9. 9Amendment of section 12AA
10. 10Amendment of section 13
11. 11Amendment of section 17
12. 12Amendment of section 35
13. 13Amendment of section 36
14. 14Amendment of section 40A
15. 15Insertion of a new section 44DB
16. 16Amendment of section 47
17. 17Amendment of section 49
18. 18Amendment of section 54EC
19. 19Amendment of section 56
20. 20Amendment of section 72A
21. 21Insertion of a new section 72AB
22. 22Amendment of section 80A
23. 23Amendment of section 80AC
24. 24Amendment of section 80C
25. 25Amendment of section 80CCD
26. 26Amendment of section 80D
27. 27Amendment of section 80E
28. 28Amendment of section 80IA
29. 29Amendment of section 80IB
30. 30Amendment of section 80IC
31. 31Insertion of new section 80-ID
32. 32Insertion of new section 80-IE
33. 33Amendment of section 92CA
34. 34Amendment of section 115JB
35. 35Amendment of section 115-O
36. 36Amendment of section 115R
37. 37Amendment of Explanation to Chapter XII-E
38. 38Amendment of section 115WB
39. 39Amendment of section 115WC
40. 40Amendment of section 115WJ
41. 41Insertion of new sections 115WKA
42. 42Amendment of section 120
43. 43Amendment of section 132B
44. 44Amendment of section 139
45. 45Insertion of new sections 139C and 139D
46. 46Amendment of section 142
47. 47Amendment of section 143
48. 48Amendment of section 153
49. 49Amendment of section 153B
50. 50Insertion of new section 153D
51. 51Amendment of section 172
52. 52Amendment of section 193
53. 53Amendment of section 194A
54. 54Amendment of section 194C
55. 55Amendment of section 194H
56. 56Amendment of section 194-I
57. 57Amendment of section 194J
58. 58Amendment of section 197A
59. 59Amendment of section 201
60. 60Amendment of section 206A
61. 61Amendment of section 206C
62. 62Amendment of section 245A
63. 63Amendment of section 245C
64. 64Amendment of section 245D
65. 65Amendment of section 245DD
66. 66Amendment of section 245E
67. 67Amendment of section 245F
68. 68Amendment of section 245H
69. 69Insertion of new sections 245HA and 245HAA
70. 70Substitution of new section for section 245K
71. 71Amendment of section 246A
72. 72Substitution of new section for section 248
73. 73Amendment of section 249
74. 74Amendment of section 253
75. 75Amendment of section 254
76. 76Amendment of section 271
77. 77Insertion of new section 271AAA
78. 78Insertion of new section 292C
79. 79Amendment of section 295
80. 80Amendment of section 296
81. 81Amendment of Second Schedule
82. 82Amendment of Fourth Schedule
83. 84Amendment of section 22A
84. 85Amendment of section 22C
85. 86Amendment of section 22D
86. 87Amendment of section 22DD
87. 88Amendment of section 22E
88. 89Amendment of section 22F
89. 90Amendment of section 22H
90. 91Insertion of new sections 22HA and 22HAA
91. 92Substitution of new section for section 22K
92. 93Insertion of new section 42D
93. 142Amendment of section 14 of Act 74 of 1956
94. 143Amendment of First Schedule to Act 58 of 1957
95. 144Amendment of section 94 of Act 18 of 2005
96. First ScheduleFirst Schedule

Related Acts

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• The Finance Act, 200871 sections
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• The Finance Act, 200989 sections
• The Finance Act, 200570 sections
• The Credit Information Companies (Regulation) Act, 200538 sections

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