eCourtsIndia
IndiaCode Laws
Section24
The Finance Act, 2017

Amendment of section 48

In force As on 08 Oct 2026

Ministry Finance Enacted 17 Apr 2017 Cited by 3 provisions

Section 24 of the Finance Act, 2017 deals with amendment of section 48. Amendment of section 48. 24. In section 48 of the Income-tax Act, with effect from the 1st day of April, 2018,— (a) | in the fifth proviso, for the word "subscribed", the word "held" shall be substituted; The Act was enacted on 17 Apr 2017.

Amendment of section 48.

24. In section 48 of the Income-tax Act, with effect from the 1st day of April, 2018,—

(a)in the fifth proviso, for the word "subscribed", the word "held" shall be substituted;
(b)in the Explanation, in clause (iii), for the figures, letters and words "1st day of April, 1981", the figures, letters and words "1st day of April, 2001" shall be substituted.
Section 24, The Finance Act, 2017.

Cross-references

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

This section refers to

  1. s. 48 Amendment of section 115JD
  2. Income-tax Act s. 48 Mode of computation

Referred to by 3

  1. s. 162 Amendment of Act 54 of 1987
  2. s. 165 Amendment of Act 42 of 1999
  3. s. 170 Amendment of Act 27 of 2008

Questions about Section 24

What does Section 24 of the Finance Act deal with?

Section 24 of the Finance Act is headed "Amendment of section 48". Amendment of section 48. 24. In section 48 of the Income-tax Act, with effect from the 1st day of April, 2018,— (a) | in the fifth proviso, for the word "subscribed", the word "held" shall be substituted;

How do I find court cases under Section 24 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 2017 24, section 24 Finance Act 2017, section 24 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 24 of the Finance Act, and has it changed?

Its own text turns on section 48 (Amendment of section 115JD), Income-tax Act 48 (Mode of computation), so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it.

When was Section 24 of the Finance Act enacted?

Section 24 of the Finance Act, cited as Finance Act 2017 24, was enacted on 17 Apr 2017. 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.