eCourtsIndia
IndiaCode Laws
Section87
The Finance Act, 2020

Amendment of Section 196A

In force As on 10 Oct 2026

Ministry Finance

Section 87 of the Finance Act, 2020 deals with amendment of Section 196A. Amendment of section 196A. 87. In section 196A of the Income-tax Act, in sub-section (1),— (a) | for the words "of the Unit Trust of India", the words, brackets and figures "from the specified company referred to in the Explanation to clause (35) of section " shall be substituted;

Amendment of section 196A.

87. In section 196A of the Income-tax Act, in sub-section (1),—

(a)for the words "of the Unit Trust of India", the words, brackets and figures "from the specified company referred to in the Explanation to clause (35) of section 10" shall be substituted;
(b)for the words "in cash or by the issue of a cheque or draft or by any other mode", the words " by any mode" shall be substituted;
(c)the proviso shall be omitted.
Section 87, 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. 10 Amendment of Section 12A
  2. Income-tax Act s. 196A Income in respect of units of non-residents

Questions about Section 87

What does Section 87 of the Finance Act deal with?

Section 87 of the Finance Act is headed "Amendment of Section 196A". Amendment of section 196A. 87. In section 196A of the Income-tax Act, in sub-section (1),— (a) | for the words "of the Unit Trust of India", the words, brackets and figures "from the specified company referred to in the Explanation to clause (35) of section " shall be substituted;

How do I find court cases under Section 87 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 87, section 87 Finance Act 2020, section 87 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 87 of the Finance Act, and has it changed?

Its own text turns on section 10 (Amendment of Section 12A), Income-tax Act 196A (Income in respect of units of non-residents), so none of them can safely be read on its own.

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.