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Section1
The Finance Act, 2023

Short title and commencement

In force Act 8 of 2023 As on 05 Oct 2026

Act 8 of 2023 Ministry Finance

Section 1 of the Finance Act, 2023 deals with short title and commencement. FINANCE ACT, [NO. 8 OF 2023] An Act to give effect to the financial proposals of the Central Government for the financial year 2023-2024.

FINANCE ACT, 2023

[NO. 8 OF 2023]

An Act to give effect to the financial proposals of the Central Government for the financial year 2023-2024.

BE it enacted by Parliament in the Seventy-fourth 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, 2023.

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

(a)sections 2 to 127 shall come into force on the 1st day of April, 2023;
(b)sections 128 to 163 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Section 1, The Finance Act, 2023 (Act 8 of 2023).

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. 127 Amendment of section 295
  3. s. 128 Amendment of section 25
  4. s. 163 Amendment of Schedule

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, [NO. 8 OF 2023] An Act to give effect to the financial proposals of the Central Government for the financial year 2023-2024.

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 2023 1, section 1 Finance Act 2023, 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 127 (Amendment of section 295), section 128 (Amendment of section 25), section 163 (Amendment of Schedule), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2023 as Act 8 of 2023. 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.