Amendment of section 45
Section 118 of the Finance Act, 2012 deals with amendment of section 45. Amendment of section 45. 118. In section 45 of the Wealth-tax Act, after clause (j), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1957, namely:— "(k) the Reserve Bank of India incorporated under the Reserve Bank of India Act,
Amendment of section 45.
118. In section 45 of the Wealth-tax Act, after clause (j), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1957, namely:—
"(k) the Reserve Bank of India incorporated under the Reserve Bank of India Act, 1934 (2 of 1934).".
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Section 118, The Finance Act, 2012.
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Questions about Section 118
What does Section 118 of the Finance Act deal with?
Section 118 of the Finance Act is headed "Amendment of section 45". Amendment of section 45. 118. In section 45 of the Wealth-tax Act, after clause (j), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1957, namely:— "(k) the Reserve Bank of India incorporated under the Reserve Bank of India Act,
How do I find court cases under Section 118 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 2012 118, section 118 Finance Act 2012, section 118 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 118 of the Finance Act, and has it changed?
Its own text turns on section 45 (Amendment of section 115BBA), Wealth-tax Act 45 (Act not to apply in certain cases), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2012. 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 Schedule7049 words
- 2. Income-tax2690 words
- 41. Insertion of new Chapter X-A1832 words
- 19. Insertion of new section 54GB1044 words
- 40. Insertion of new sections 92CC and 92CD951 words
- 62. Insertion of new section 144BA869 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.