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Section12
The Finance Act, 2016

Amendment of section 28

In force As on 10 Oct 2026

Ministry Finance Enacted 27 Jun 2016 Cited by 2 provisions

Section 12 of the Finance Act, 2016 deals with amendment of section 28. Amendment of section 28. 12. In section 28 of the Income-tax Act, in clause (va), with effect from the 1st day of April, 2017,— (A) | in sub-clause (a), after the words "any business", the words "or profession" shall be inserted; The Act was enacted on 27 Jun 2016.

Amendment of section 28.

12. In section 28 of the Income-tax Act, in clause (va), with effect from the 1st day of April, 2017,—

(A)in sub-clause (a), after the words "any business", the words "or profession" shall be inserted;
(B)in the proviso, in clause (i), after the words "any business", the words "or profession" shall be inserted.
Section 12, The Finance Act, 2016.

Cross-references

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

This section refers to

  1. s. 28 Amendment of section 47
  2. Income-tax Act s. 28 Profits and gains of business or profession

Referred to by 2

  1. s. 62 Insertion of new Chapter XII-EB
  2. s. 226 Amendment of Act 13 of 1976

Questions about Section 12

What does Section 12 of the Finance Act deal with?

Section 12 of the Finance Act is headed "Amendment of section 28". Amendment of section 28. 12. In section 28 of the Income-tax Act, in clause (va), with effect from the 1st day of April, 2017,— (A) | in sub-clause (a), after the words "any business", the words "or profession" shall be inserted;

How do I find court cases under Section 12 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 2016 12, section 12 Finance Act 2016, section 12 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 12 of the Finance Act, and has it changed?

Its own text turns on section 28 (Amendment of section 47), Income-tax Act 28 (Profits and gains of business or profession), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was Section 12 of the Finance Act enacted?

Section 12 of the Finance Act, cited as Finance Act 2016 12, was enacted on 27 Jun 2016. 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.