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Section4
The Finance Act, 2011

Amendment of section 10

In force As on 05 Oct 2026

Ministry Finance

Section 4 of the Finance Act, 2011 deals with amendment of section 10. Amendment of section 10. 4. In section 10 of the Income-tax Act,— (a ) in clause (34) , the Explanation [as so inserted by the Special Economic Zones Act, 2005] (28 of 2005) shall be omitted with effect from the 1st day of June, 2011;

Amendment of section 10.

4. In section 10 of the Income-tax Act,—

(a ) in clause (34) , the Explanation [as so inserted by the Special Economic Zones Act, 2005] (28 of 2005) shall be omitted with effect from the 1st day of June, 2011;

(b ) after clause (44) , the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2008, namely:—

"(45 ) any allowance or perquisite, as may be notified by the Central Government in the Official Gazette in this behalf, paid to the Chairman or a retired Chairman or any other member or retired member of the Union Public Service Commission;";

(c ) after clause (45) as so inserted, the following shall be inserted with effect from the 1st day of June, 2011, namely:—

‘(46) any specified income arising to a body or authority or Board or Trust or Commission (by whatever name called) which—

(a ) has been established or constituted by or under a Central, State or Provincial Act, or constituted by the Central Government or a State Government, with the object of regulating or administering any activity for the benefit of the general public;

(b ) is not engaged in any commercial activity; and

(c ) is notified by the Central Government in the Official Gazette for the purposes of this clause.

Explanation.— For the purposes of this clause, "specified income" means the income, of the nature and to the extent arising to a body or authority or Board or Trust or Commission (by whatever name called) referred to in this clause, which the Central Government may, by notification in the Official Gazette, specify in this behalf;

(47) any income of an infrastructure debt fund, set up in accordance with the guidelines as may be prescribed, which is notified by the Central Government in the Official Gazette for the purposes of this clause.’.

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Section 4, The Finance Act, 2011.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 10 Amendment of section 80CCF
  2. Income-tax Act s. 10 Incomes not included in total income

Questions about Section 4

What does Section 4 of the Finance Act deal with?

Section 4 of the Finance Act is headed "Amendment of section 10". Amendment of section 10. 4. In section 10 of the Income-tax Act,— (a ) in clause (34) , the Explanation [as so inserted by the Special Economic Zones Act, 2005] (28 of 2005) shall be omitted with effect from the 1st day of June, 2011;

How do I find court cases under Section 4 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 2011 4, section 4 Finance Act 2011, section 4 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 4 of the Finance Act, and has it changed?

Its own text turns on section 10 (Amendment of section 80CCF), Income-tax Act 10 (Incomes not included in total income), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2011. 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

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.