Amendment of section 36
Section 7 of the Finance Act, 2011 deals with amendment of section 36. Amendment of section 36. 7. In section 36 of the Income-tax Act, in sub-section (1), after clause (iv), the following shall be inserted with effect from the 1st day of April, 2012, namely:— ‘( iva) any sum paid by the assessee as an employer by way of contribution towards a pension scheme, as referr
Amendment of section 36.
7. In section 36 of the Income-tax Act, in sub-section (1), after clause (iv), the following shall be inserted with effect from the 1st day of April, 2012, namely:—
‘( iva) any sum paid by the assessee as an employer by way of contribution towards a pension scheme, as referred to in section 80CCD, on account of an employee to the extent it does not exceed ten per cent of the salary of the employee in the previous year.
Explanation.—For the purposes of this clause, "salary" includes dearness allowance, if the terms of employment so provide, but excludes all other allowances and perquisites;’.
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Section 7, The Finance Act, 2011.
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Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
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Questions about Section 7
What does Section 7 of the Finance Act deal with?
Section 7 of the Finance Act is headed "Amendment of section 36". Amendment of section 36. 7. In section 36 of the Income-tax Act, in sub-section (1), after clause (iv), the following shall be inserted with effect from the 1st day of April, 2012, namely:— ‘( iva) any sum paid by the assessee as an employer by way of contribution towards a pension scheme, as referr
How do I find court cases under Section 7 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 7, section 7 Finance Act 2011, section 7 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 7 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 36 (Other deductions), 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
- First Schedule. First Schedule7059 words
- 2. Income-tax2710 words
- 15. Insertion of new section 94A685 words
- 19. Insertion of new Chapter XII-BA625 words
- 29. Amendment of section 245C576 words
- 4. Amendment of section 10328 words
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