Amendment of section 10AA
Section 7 of the Finance Act, 2017 deals with amendment of section 10AA. Amendment of section 10AA. 7. In section 10AA of the Income-tax Act, after sub-section (1), the following Explanation shall be inserted with effect from the 1st day of April, 2018, namely:— "Explanation.—For the removal of doubts, it is hereby declared that the amount of deduction under this section The Act was enacted on 17 Apr 2017.
Amendment of section 10AA.
7. In section 10AA of the Income-tax Act, after sub-section (1), the following Explanation shall be inserted with effect from the 1st day of April, 2018, namely:—
"Explanation.—For the removal of doubts, it is hereby declared that the amount of deduction under this section shall be allowed from the total income of the assessee computed in accordance with the provisions of this Act, before giving effect to the provisions of this section and the deduction under this section shall not exceed such total income of the assessee.".
Section 7, 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
Questions about Section 7
What does Section 7 of the Finance Act deal with?
Section 7 of the Finance Act is headed "Amendment of section 10AA". Amendment of section 10AA. 7. In section 10AA of the Income-tax Act, after sub-section (1), the following Explanation shall be inserted with effect from the 1st day of April, 2018, namely:— "Explanation.—For the removal of doubts, it is hereby declared that the amount of deduction under this section
How do I find court cases under Section 7 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 7, section 7 Finance Act 2017, section 7 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 7 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 10AA (Special provisions in respect of newly established Units in Special Economic Zones), so none of them can safely be read on its own. 5 other provisions in this corpus refer back to it.
When was Section 7 of the Finance Act enacted?
Section 7 of the Finance Act, cited as Finance Act 2017 7, 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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