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The Finance Act, 2019 (No. 1)

Amendment of section 24

In force As on 11 Oct 2026

Ministry Finance

Section 5 of the Finance Act, 2019 (No. 1) deals with amendment of section 24. Amendment of section 24 5. In section 24 of the Income-tax Act, with effect from the 1st day of April, 2020,— (a) | in the first proviso, after the words "the amounts of deduction", the words "or, as the case may be, the aggregate of the amount of deduction" shall be inserted;

Amendment of section 24

5. In section 24 of the Income-tax Act, with effect from the 1st day of April, 2020,—

(a)in the first proviso, after the words "the amounts of deduction", the words "or, as the case may be, the aggregate of the amount of deduction" shall be inserted;
(b)in the second proviso, after the words "the amount of deduction", the words "or, as the case may be, the aggregate of the amounts of deduction" shall be inserted;
(c)after the Explanation to the third proviso, the following proviso shall be inserted, namely:—
"Provided also that the aggregate of the amounts of deduction under the first and second provisos shall not exceed two lakh rupees.".
Section 5, The Finance Act, 2019 (No. 1).

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. 24 Deductions from income from house property

Questions about Section 5

What does Section 5 of the Finance Act, 2019 (No. 1) deal with?

Section 5 of the Finance Act, 2019 (No. 1) is headed "Amendment of section 24". Amendment of section 24 5. In section 24 of the Income-tax Act, with effect from the 1st day of April, 2020,— (a) | in the first proviso, after the words "the amounts of deduction", the words "or, as the case may be, the aggregate of the amount of deduction" shall be inserted;

How do I find court cases under Section 5 of the Finance Act, 2019 (No. 1)?

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, 2019 (No. 1) 5, section 5 Finance Act, 2019 (No. 1), section 5 of the Finance Act, 2019 (No. 1). 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 5 of the Finance Act, 2019 (No. 1), and has it changed?

Its own text turns on Income-tax Act 24 (Deductions from income from house property), so none of them can safely be read on its own.

When was the Finance Act, 2019 (No. 1) enacted?

Finance Act, 2019 (No. 1) was enacted in 2019. 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

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.