Amendment of section 12A
Section 8 of the Finance Act, 2007 deals with amendment of section 12A. Amendment of section 12A. 8. In section 12A of the Income-tax Act, with effect from the 1st day of June, 2007,— (a ) for the marginal heading, the following marginal heading shall be substituted, namely:— "Conditions for applicability of sections 11 and 12.";
Amendment of section 12A.
8. In section 12A of the Income-tax Act, with effect from the 1st day of June, 2007,—
(a ) for the marginal heading, the following marginal heading shall be substituted, namely:—
"Conditions for applicability of sections 11 and 12.";
(b ) the existing section 12A shall be renumbered as sub-section (1) thereof, and in sub-section (1) as so renumbered,—
(i) in clause (a), after the proviso, the following proviso shall be inserted, namely:—
" Provided further that the provisions of this clause shall not apply in relation to any application made on or after the 1st day of June, 2007;";
(ii) after clause (a), the following clause shall be inserted, namely:—
"(aa) the person in receipt of the income has made an application for registration of the trust or institution on or after the 1st day of June, 2007 in the prescribed form and manner to the Commissioner and such trust or institution is registered under section 12AA;";
(c ) after sub-section (1) as so renumbered, the following sub-section shall be inserted, namely:—
"(2) Where an application has been made on or after the 1st day of June, 2007, the provisions of sections 11 and 12 shall apply in relation to the income of such trust or institution from the assessment year immediately following the financial year in which such application is made.".
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Section 8, The Finance Act, 2007.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 8
What does Section 8 of the Finance Act deal with?
Section 8 of the Finance Act is headed "Amendment of section 12A". Amendment of section 12A. 8. In section 12A of the Income-tax Act, with effect from the 1st day of June, 2007,— (a ) for the marginal heading, the following marginal heading shall be substituted, namely:— "Conditions for applicability of sections 11 and 12.";
How do I find court cases under Section 8 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 2007 8, section 8 Finance Act 2007, section 8 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 8 of the Finance Act, and has it changed?
Its own text turns on section 11 (Amendment of section 17), section 12 (Amendment of section 35), Income-tax Act 12A (Conditions for applicability of sections 11 and 12), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2007. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule7694 words
- 2. Income-tax3111 words
- 6. Amendment of section 101202 words
- 11. Amendment of section 171097 words
- 64. Amendment of section 245D1090 words
- 86. Amendment of section 22D1089 words
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