Amendment of First Schedule
Section 52 of the Finance Act, 2010 deals with amendment of First Schedule. Amendment of First Schedule. 52. In the First Schedule to the Income-tax Act, in rule 5, for clause (b) [as inserted by clause (ii) of section 80 of the Finance (No.
Amendment of First Schedule.
52. In the First Schedule to the Income-tax Act, in rule 5, for clause (b) [as inserted by clause (ii) of section 80 of the Finance (No.
2) Act, 2009 (33 of 2009)], the following clause shall be substituted with effect from the 1st day of April, 2011, namely:—
"(b ) (i) any gain or loss on realisation of investments shall be added or deducted, as the case may be, if such gain or loss is not credited or debited to the profit and loss account;
( ii) any provision for diminution in the value of investment debited to the profit and loss account, shall be added back;".
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Section 52, The Finance Act, 2010.
Questions about Section 52
What does Section 52 of the Finance Act deal with?
Section 52 of the Finance Act is headed "Amendment of First Schedule". Amendment of First Schedule. 52. In the First Schedule to the Income-tax Act, in rule 5, for clause (b) [as inserted by clause (ii) of section 80 of the Finance (No.
How do I find court cases under Section 52 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 2010 52, section 52 Finance Act 2010, section 52 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was the Finance Act enacted?
Finance Act was enacted in 2010. 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
- 102120000000010257. THE FIRST SCHEDULE6903 words
- 2. Income-tax2647 words
- 10. Amendment of section 35AD480 words
- 22. Amendment of section 72A450 words
- 21. Amendment of section 56411 words
- 18. Amendment of section 47379 words
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.