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Section1
The Finance Act, 2020

Short title and commencement

In force As on 07 Oct 2026

Ministry Finance Cited by 1 provision

Section 1 of the Finance Act, 2020 deals with short title and commencement. *FINANCE ACT, [12 OF 2020] An Act to give effect to the financial proposals of the Central Government for the financial year 2020-21.

*FINANCE ACT, 2020

[12 OF 2020]

An Act to give effect to the financial proposals of the Central Government for the financial year 2020-21.

BE it enacted by Parliament in the Seventy-first Year of the Republic of India as follows:—

CHAPTER I

PRELIMINARY

Short title and commencement.

1. (1) This Act may be called the Finance Act, 2020.

(2) Save as otherwise provided in this Act,—

(a)sections 2 to 104† shall come into force on the 1st day of April, 2020;
(b)sections 118 to 131 and section 134 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

*RELEVANT EXTRACTS.

†Be read as '106'.

Section 1, The Finance Act, 2020.

Cross-references

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

This section refers to

  1. s. 2 Income-tax
  2. s. 104 Amendment of Section 288
  3. s. 118 Amendment of Section 2
  4. s. 131 Amendment to Schedule II
  5. s. 134 Amendment of Section 25

Referred to by 1

  1. s. 136 Amendment of Section 1

Questions about Section 1

What does Section 1 of the Finance Act deal with?

Section 1 of the Finance Act is headed "Short title and commencement". *FINANCE ACT, [12 OF 2020] An Act to give effect to the financial proposals of the Central Government for the financial year 2020-21.

How do I find court cases under Section 1 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 2020 1, section 1 Finance Act 2020, section 1 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 1 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), section 104 (Amendment of Section 288), section 118 (Amendment of Section 2), section 131 (Amendment to Schedule II), and on 1 further provision, so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2020. 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.