Amendment of section 80LA
Section 42 of the Finance Act, 2023 deals with amendment of section 80LA. Amendment of section 80LA. 42. In section 80LA of the Income-tax Act, in sub-section (1), after clause (b), the following proviso shall be inserted, namely:— "Provided that for the assessment year commencing on or after the 1st day of April, 2023, the deduction under this clause shall be one hundred
Amendment of section 80LA.
42. In section 80LA of the Income-tax Act, in sub-section (1), after clause (b), the following proviso shall be inserted, namely:—
"Provided that for the assessment year commencing on or after the 1st day of April, 2023, the deduction under this clause shall be one hundred per cent of such income.".
Section 42, 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.
Questions about Section 42
What does Section 42 of the Finance Act deal with?
Section 42 of the Finance Act is headed "Amendment of section 80LA". Amendment of section 80LA. 42. In section 80LA of the Income-tax Act, in sub-section (1), after clause (b), the following proviso shall be inserted, namely:— "Provided that for the assessment year commencing on or after the 1st day of April, 2023, the deduction under this clause shall be one hundred
How do I find court cases under Section 42 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 42, section 42 Finance Act 2023, section 42 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 42 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 80LA (Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre), 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
- First Schedule. First Schedule10190 words
- 2. Income-tax8337 words
- Fourth Schedule. Fourth Schedule6615 words
- 5. Amendment of section 102717 words
- 150. Substitution of new section for section 1101621 words
- 54. Insertion of new section 115BAE1218 words
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