Amendment of section 4
Section 119 of the Finance Act, 2018 deals with amendment of section 4. Amendment of section 4 119. In section 4 of the principal Act,— (a) | for sub-section (1), the following sub-section shall be substituted, namely:— "(1) The depositors shall designate one or more individuals, as nominee or nominees, who shall be entitled, in the event of the death of the depositor o
Amendment of section 4
119. In section 4 of the principal Act,—
Section 119, The Finance Act, 2018 (Act 13 of 2018).
(a) for sub-section (1), the following sub-section shall be substituted, namely:— "(1) The depositors shall designate one or more individuals, as nominee or nominees, who shall be entitled, in the event of the death of the depositor of a single account, or all the depositors of a joint account, as the case may be, to receive the sum due, as an owner or a trustee, and to the extent, as may be specified by the depositor at the time of making nomination: Provided that if the depositor is a minor or a person of unsound mind, the nominee shall be designated by the guardian."; (b) after sub-section (3), the following sub-section shall be inserted, namely:— "(4) The transfer of deposit, if permitted under a Savings Scheme, shall automatically cancel a nomination previously made.".
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 119
What does Section 119 of the Finance Act deal with?
Section 119 of the Finance Act is headed "Amendment of section 4". Amendment of section 4 119. In section 4 of the principal Act,— (a) | for sub-section (1), the following sub-section shall be substituted, namely:— "(1) The depositors shall designate one or more individuals, as nominee or nominees, who shall be entitled, in the event of the death of the depositor o
How do I find court cases under Section 119 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 2018 119, section 119 Finance Act 2018, section 119 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 119 of the Finance Act, and has it changed?
Its own text turns on section 4 (Amendment of section 9), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2018 as Act 13 of 2018. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. INCOME-TAX8472 words
- 2. Income-tax4233 words
- 206. Amendment of Act 54 of 20001580 words
- Second Schedule. Second Schedule1062 words
- 33. Insertion of new section 112A756 words
- 63. Amendment of section 28707 words
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