Section35
The Finance Act, 2016

Amendment of section 56

In force As on 07 Oct 2026

Ministry Finance Enacted 27 Jun 2016 Cited by 2 provisions

Section 35 of the Finance Act, 2016 deals with amendment of section 56. Amendment of section 56. 35. In section 56 of the Income-tax Act, in sub-section (2), in clause (vii), in the second proviso occurring after sub-clause (c), with effect from the 1st day of April, 2017,— (a) | in clause (g), for the word, figures and letters "section 12AA", the words, figures and let The Act was enacted on 27 Jun 2016.

Amendment of section 56.

35. In section 56 of the Income-tax Act, in sub-section (2), in clause (vii), in the second proviso occurring after sub-clause (c), with effect from the 1st day of April, 2017,—

(a)in clause (g), for the word, figures and letters "section 12AA", the words, figures and letters "section 12AA; or" shall be substituted;
(b)after clause (g), the following clause shall be inserted, namely:—
"(h)by way of transaction not regarded as transfer under clause (vicb) or clause (vid) or clause (vii) of section 47.".
Section 35, The Finance Act, 2016.

Cross-references

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

Questions about Section 35

What does Section 35 of the Finance Act deal with?

Section 35 of the Finance Act is headed "Amendment of section 56". Amendment of section 56. 35. In section 56 of the Income-tax Act, in sub-section (2), in clause (vii), in the second proviso occurring after sub-clause (c), with effect from the 1st day of April, 2017,— (a) | in clause (g), for the word, figures and letters "section 12AA", the words, figures and let

How do I find court cases under Section 35 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 35, section 35 Finance Act 2016, section 35 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 35 of the Finance Act, and has it changed?

Its own text turns on section 47 (Amendment of section 92CA), section 56 (Insertion of new Chapter XII-BC), Income-tax Act 56 (Income from other sources), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was Section 35 of the Finance Act enacted?

Section 35 of the Finance Act, cited as Finance Act 2016 35, 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.