Amendment of section 80CCG
Section 34 of the Finance Act, 2017 deals with amendment of section 80CCG. Amendment of section 80CCG. 34. In section 80CCG of the Income-tax Act, after sub-section (4), the following sub-section shall be inserted with effect from the 1st day of April, 2018, namely:— "(5) Notwithstanding anything contained in sub-sections (1) to (4), no deduction under this section shall b The Act was enacted on 17 Apr 2017.
Amendment of section 80CCG.
34. In section 80CCG of the Income-tax Act, after sub-section (4), the following sub-section shall be inserted with effect from the 1st day of April, 2018, namely:—
"(5) Notwithstanding anything contained in sub-sections (1) to (4), no deduction under this section shall be allowed in respect of any assessment year commencing on or after the 1st day of April, 2018:
Provided that an assessee, who has acquired listed equity shares or listed units of an equity oriented fund in accordance with the scheme referred to in sub-section (1) and claimed deduction under this section for any assessment year commencing on or before the 1st day of April, 2017, shall be allowed deduction under this section till the assessment year commencing on the 1st day of April, 2019, if he is otherwise eligible to claim the deduction in accordance with the other provisions of this section.".
Section 34, The Finance Act, 2017.
Cross-references
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Questions about Section 34
What does Section 34 of the Finance Act deal with?
Section 34 of the Finance Act is headed "Amendment of section 80CCG". Amendment of section 80CCG. 34. In section 80CCG of the Income-tax Act, after sub-section (4), the following sub-section shall be inserted with effect from the 1st day of April, 2018, namely:— "(5) Notwithstanding anything contained in sub-sections (1) to (4), no deduction under this section shall b
How do I find court cases under Section 34 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 34, section 34 Finance Act 2017, section 34 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 34 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 80CCG (Deduction in respect of investment made under an equity savings scheme), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was Section 34 of the Finance Act enacted?
Section 34 of the Finance Act, cited as Finance Act 2017 34, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. Income-tax8321 words
- 2. Income-tax4071 words
- 148. Amendment of Chapter VIB1616 words
- 47. Amendment of section 115JB1176 words
- 6. Amendment of section 10856 words
- Sixth Schedule. Sixth Schedule820 words
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