Insertion of new section 13B
Section 8 of the Finance Act, 2009 deals with insertion of new section 13B. Insertion of new section 13B. 8. After section 13A of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2010, namely :— "13B.
Insertion of new section 13B.
8. After section 13A of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2010, namely :—
"13B. Special provisions relating to voluntary contributions received by electoral trust.—Any voluntary contributions received by an electoral trust shall not be included in the total income of the previous year of such electoral trust, if—
(a) such electoral trust distributes to any political party, registered under section 29A of the Representation of the People Act, 1951 (43 of 1951), during the said previous year, ninety-five per cent of the aggregate donations received by it during the said previous year along with the surplus, if any, brought forward from any earlier previous year; and
(b) such electoral trust functions in accordance with the rules made by the Central Government."
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Section 8, The Finance Act, 2009.
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 "Insertion of new section 13B". Insertion of new section 13B. 8. After section 13A of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2010, namely :— "13B.
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 2009 8, section 8 Finance Act 2009, 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 Income-tax Act 13A (Special provision relating to incomes of political parties), Representation of the People Act 29A (Registration with the Election Commission of associations and bodies as political parties), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2009. 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
- 102120000000010168. THE FIRST SCHEDULE7194 words
- 2. Income-tax2915 words
- 13. Insertion of new section 35AD1148 words
- 61. Substitution of new section for section 194C936 words
- 37. Amendment of section 80-IB761 words
- 56. Insertion of new section 144C751 words
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