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Section58
The Finance Act, 2016

Amendment of section 115QA

In force As on 09 Oct 2026

Ministry Finance Enacted 27 Jun 2016 Cited by 5 provisions

Section 58 of the Finance Act, 2016 deals with amendment of section 115QA. Amendment of section 115QA. 58. In section 115QA of the Income-tax Act, in sub-section (1), in the Explanation, with effect from the 1st day of June, 2016,— (a) | in clause (i), for the words, figures and letter "section 77A of the Companies Act, ", the words "any law for the time being in force rel The Act was enacted on 27 Jun 2016.

Amendment of section 115QA.

58. In section 115QA of the Income-tax Act, in sub-section (1), in the Explanation, with effect from the 1st day of June, 2016,—

(a)in clause (i), for the words, figures and letter "section 77A of the Companies Act, 1956", the words "any law for the time being in force relating to companies" shall be substituted;
(b)in clause (ii), for the words "the amount which was received by the company for issue of such shares", the words "the amount, which was received by the company for issue of such shares, determined in the manner as may be prescribed" shall be substituted.
Section 58, 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. Income-tax Act s. 115QA Tax on distributed income to shareholders

Referred to by 5

  1. s. 116 Amendment of section 2
  2. s. 125 Substitution of new sections 58, 58A and 58B for section 58
  3. s. 137 Insertion of new section 73A
  4. s. 223 Amendment of section 58
  5. s. First Schedule First Schedule

Questions about Section 58

What does Section 58 of the Finance Act deal with?

Section 58 of the Finance Act is headed "Amendment of section 115QA". Amendment of section 115QA. 58. In section 115QA of the Income-tax Act, in sub-section (1), in the Explanation, with effect from the 1st day of June, 2016,— (a) | in clause (i), for the words, figures and letter "section 77A of the Companies Act, ", the words "any law for the time being in force rel

How do I find court cases under Section 58 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 58, section 58 Finance Act 2016, section 58 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 58 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 115QA (Tax on distributed income to shareholders), so none of them can safely be read on its own. 5 other provisions in this corpus refer back to it.

When was Section 58 of the Finance Act enacted?

Section 58 of the Finance Act, cited as Finance Act 2016 58, 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.