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TypeBare Act JurisdictionCentral Government

Finance Act, 1999

Complete Act - all sections

~9 min read
https://sooperkanoon.com/act/133548

Bare act · Research

About this act

Finance Act, 1999 (1999) is Central state legislation published on SooperKanoon in full. Use this page to read the bare act and jump to judgments that cite it.

Research copy - verify against official government publications before filing or court use.

Act Text

Preamble1 - Finance Act, 1999
Section1 - SHORT TITLE AND COMMENCEMENT
Section2 - INCOME TAX
Section3 - AMENDMENT OF SECTION 2 InSection 2 of the Income Tax Act-,
Section4 - SUBSTITUTION OF NEW SECTION FOR SECTION 3 ForSection 3 of the Income Tax Act-, the following section shall be
Section5 - AMENDMENT OF SECTION 9 InSection 9 of the Income Tax Act-, in sub-section
Section6 - AMENDMENT OF SECTION 10 -InSection 10 of the Income Tax Act-,
Section7 - INSERTION OF NEW SECTION 10-C AfterSection 10B of the Income Tax Act-, the following section shall be inserted, namely
Section8 - AMENDMENT OF SECTION 12-A -InSection 12A of the Income Tax Act-, the words "Chief Commissioner or", wherever they
Section9 - AMENDMENT OF SECTION 12 12--AA InSection 12AA of the Income Tax Act-, with effect from the 1st day of June, 1999,
Section10 - AMENDMENT OF SECTION 17 InSection 17 of the Income Tax Act-, in clause
Section11 - AMENDMENT OF SECTION 24 -InSection 24 of the Income Tax Act-, in sub-section
Section12 - AMENDMENT OF SECTION 32 -InSection 32 of the Income Tax Act-, in sub-section
Section13 - AMENDMENT OF SECTION 33-ABA -InSection 33ABA of the Income Tax Act-, in sub-section
Section14 - AMENDMENT OF SECTION 33-AC -InSection 33AC of the Income Tax Act-, in sub- section
Section15 - AMENDMENT OF SECTION 35 -InSection 35 of the Income Tax Act-, with effect from the 1st day of April, 2000,
Section16 - AMENDMENT OF SECTION 35 35--A -InSection 35A of the Income Tax Act-, after sub- section
Section17 - AMENDMENT OF SECTION 35-AB -Section 35AB of the Income Tax Act-, after sub- section
Section18 - AMENDMENT OF SECTION 35ABB -InSection 35ABB of the Income Tax Act-,
Section19 - AMENDMENT OF SECTION 35-D -InSection 35D of the Income Tax Act-, after sub- section
Section20 - INSERTION OF NEW SECTION 35-DD -AfterSection 35DD of the Income Tax Act-, the following section shall be inserted with
Section21 - AMENDMENT OF SECTION 35-E -InSection 35E of the Income Tax Act-, after sub- section
Section22 - AMENDMENT OF SECTION 36 -InSection 36 of the Income Tax Act-, in sub-section
Section23 - AMENDMENT OF SECTION 40-A -InSection 40A of the Income Tax Act-, for sub- section
Section24 - AMENDMENT OF SECTION 41 -InSection 41 of the Income Tax Act-, in sub-section
Section25 - AMENDMENT OF SECTION 42 -InSection 42 of the Income Tax Act-, in sub-section
Section26 - AMENDMENT OF SECTION 43 InSection 43 of the Income Tax Act-, with effect from the 1st day of April, 2000
Section34 - AMENDMENT OF SECTION 47 -InSection 47 of the Income Tax Act-, after clause
Section35 - AMENDMENT OF SECTION 49 -InSection 49 of the Income Tax Act-, after sub-section
Section36 - INSERTION OF NEW SECTION 50-B - AfterSection 50A of the Income Tax Act -, the following section shall be inserted with
Section37 - AMENDMENT OF SECTION 72 - InSection 72 of the Income Tax Act-, in sub-section
Section38 - SUBSTITUTION OF NEW SECTION FOR SECTION 72-A - ForSection 72A of the Income Tax Act-, the following section shall be
Section39 - AMENDMENT OF SECTION 79 - InSection 79 of the Income Tax Act-, in clause
Section40 - AMENDMENT OF SECTION 80-D -InSection 80D of the Income Tax Act-, with effect from the 1st day of April, 2000
Section41 - AMENDMENT OF SECTION 80-DD -InSection 80DD of the Income Tax Act-, for sub- section
Section42 - AMENDMENT OF SECTION 80-DDB -InSection 80DDB of the Income Tax Act-, with effect from the 1st day of April, 2000,
Section43 - AMENDMENT OF SECTION 80-G -InSection 80G of the Income Tax Act-, with effect from the 1st day of April, 2000
Section44 - AMENDMENT OF SECTION 80-HHA -InSection 80HHA of the Income Tax Act-, in the Explanation, for clause
Section45 - AMENDMENT OF SECTION 80-HHB - InSection 80HHB of the Income Tax Act-, with effect from the 1st day of June, 1999,
Section46 - AMENDMENT OF SECTION 80-HHC - InSection 80HHC of the Income Tax Act
Section47 - AMENDMENT OF SECTION 80-HHD -InSection 80HHD of the Income Tax Act-,
Section48 - AMENDMENT OF SECTION 80-HHE InSection 80HHE of the Income Tax Act-, in sub-section
Section49 - INSERTION OF NEW SECTION 80-HHF AfterSection 80HHE-, the following section shall be inserted with effect from the 1st
Section50 - SUBSTITUTION OF NEW SECTIONS FOR SECTION 80-IA ForSection 80IA of the Income Tax Act-, the following sections shall be
Section51 - AMENDMENT OF SECTION 80-JJA -InSection 80JJA of the Income Tax Act-, with effect from the 1st day of April, 2000,
Section52 - AMENDMENT OF SECTION 80-L InSection 80L of the Income Tax Act-, in sub- section
Section53 - AMENDMENT OF SECTION 80-0 InSection 80O of the Income Tax Act -, with effect from the 1st day of June, 1999
Section54 - AMENDMENT OF SECTION 80-R -InSection 80R of the Income Tax Act-, with effect from the 1st day of June, 1999,
Section55 - AMENDMENT OF SECTION 80-RR InSection 80RR of the Income Tax Act-, with effect from the 1 st day of June, 1999
Section56 - AMENDMENT OF SECTION 80-RRA - InSection 80RRA of the Income Tax Act-, with effect from the 1st day of June, 1999
Section57 - AMENDMENT OF SECTION 112 -InSection 112 of the Income Tax Act-, in sub-section
Section58 - AMENDMENT OF SECTION 115-AC -InSection 115AC of the Income Tax Act-, after sub-section
Section59 - INSERTION OF NEW SECTION 115-ACA AfterSection 115AC of the Income Tax Act-, the following section shall be inserted
Section60 - AMENDMENT OF SECTION 115-AD InSection 115AD of the Income Tax Act-, in sub-section
Section61 - INSERTION OF NEW CHAPTER XII-E After Chapter XII-D of the Income Tax Act, the following Chapter shall be inserted with
Section62 - AMENDMENT OF SECTION 139 -InSection 139 of the Income Tax Act-, with effect from the 1st day of June, 1999
Section63 - AMENDMENT OF SECTION 140-A InSection 140A of the Income Tax Act -, with effect from the 1st day of June, 1999
Section64 - AMENDMENT OF SECTION 143 -InSection 143 of the Income Tax Act-, with effect ' from the 1st day of June, 1999,
Section65 - AMENDMENT OF SECTION 154 -InSection 154 of the Income Tax Act-, in sub-section
Section66 - AMENDMENT OF SECTION 155 InSection 155 of the Income Tax Act-, after sub- section
Section67 - AMENDMENT OF SECTION 180 InSection 180 of the Income Tax Act-, before the Explanation, the following proviso shall be
Section68 - AMENDMENT OF SECTION 180-A InSection 180A of the Income Tax Act-, for the words "during the previous year", the words,
Section69 - AMENDMENT OF SECTION 194-A -InSection 194A of the Income Tax Act-, in subsection
Section70 - AMENDMENT OF SECTION 194-B -InSection 194B of the Income Tax Act-, with effect from the 1st day of April, 2000,
Section71 - AMENDMENT OF SECTION 194-BB InSection 194BB of the Income Tax Act-, the proviso shall be omitted with effect from the
Section72 - OMISSION OF SECTION 194-H Section 194H of the Income Tax Act-shall be omitted with effect from the 1st day of April,
Section73 - AMENDMENT OF SECTION 194-K -InSection 194K of the Income Tax Act-, in sub- section
Section74 - INSERTION OF NEW SECTION 194-L -AfterSection 194K of the Income Tax Act-, the following section shall be inserted with
Section75 - AMENDMENT OF SECTION 196-A -InSection 196A of the Income Tax Act-, in subsection
Section76 - AMENDMENT OF SECTION 197 -InSection 197 of the Income Tax Act-, in sub-section
Section77 - AMENDMENT OF SECTION 197-A -InSection 197A of the Income Tax Act-, with effect from the 1st day of June, 1999,
Section78 - AMENDMENT OF SECTION 198 TO 200, 202 TO 203-A, 204 AND 205 -In Sections 198, 199, 200, 202, 203, 203-A, 204 and 205 of
Section79 - AMENDMENT OF SECTION 201 -InSection 201 of the Income Tax Act-, in sub-section
Section80 - AMENDMENT OF SECTION 206-C -InSection 206C of the Income Tax Act-, with effect from the 1st day of June, 1999,
Section81 - AMENDMENT OF SECTION 234-A InSection 234A of the Income Tax Act-, in sub- sections
Section82 - AMENDMENT OF SECTION 234-B InSection 234B of the Income Tax Act-, in subsections
Section83 - AMENDMENT OF SECTION 249 -InSection 249 of the Income Tax Act-, in sub-section
Section84 - AMENDMENT OF SECTION 250 -InSection 250 of the Income Tax Act-, after subsection
Section85 - AMENDMENT OF SECTION 253 -InSection 253 of the Income Tax Act-, with effect from the 1st day of June, 1999
Section86 - AMENDMENT OF SECTION 254 -InSection 254 of the Income Tax Act-, with effect from the 1st day of June, 1999,
Section87 - AMENDMENT OF SECTION 260-A InSection 260A of the. Income Tax Act -, with effect from the 1st day of June, 1999,
Section88 - AMENDMENT OF SECTION 272-A -InSection 272A of the Income Tax Act-, in subsection
Section89 - OMISSION OF TENTH SCHEDULE The Tenth Schedule of the Income Tax Act shall be omitted with effect from the 1st day of
Section90 - CONSEQUENTIAL AMENDMENTS The following amendments
Section91 - AMENDMENT OF SECTION 2 -In Section 2 of the Wealth Tax Act, 1957
Section92 - AMENDMENT OF SECTION 16 -In Section 16 of the Wealth Tax Act, with effect from the 1st day of June, 1999
Section93 - AMENDMENT OF SECTION 23-A -In Section 23-A of the Wealth Tax Act, after sub- section
Section94 - AMENDMENT OF SECTION 24 -In Section 24 of the Wealth Tax Act, with effect from the 1st day of June, 1999
Section95 - AMENDMENT OF SECTION 27 -In Section 27 of the Wealth Tax Act, in sub-section
Section96 - AMENDMENT OF SECTION 27-A -In Section 27-A of the Wealth Tax Act, with effect from the 1st day of June, 1999
Section97 - AMENDMENT OF SECTION 35 -In Section 35 of the Wealth Tax Act, in sub-section
Section98 - AMENDMENT OF SECTION 4 -In the Expenditure Tax Act, 1987
Section99 - AMENDMENT OF SECTION 22 -In Section 22 of the Expenditure Tax Act, after subsection
Section100 - SUBSTITUTION OF NEW AUTHORITIES -In the Customs Act, 1962
Section101 - AMENDMENT OF SECTION 3 -In Section 3 of the Customs Act, after clause
Section102 - AMENDMENT OF SECTION 25 -In Section 25 of the Customs Act, for sub-section
Section103 - INSERTION OF NEW CHAPTER V-B -After Chapter V-A of the Customs Act, the following Chapter shall be inserted, namely
Section104 - AMENDMENT OF SECTION 30 In Section 30 of the Customs Act, for sub-section
Section105 - AMENDMENT OF SECTION 47 In Section 47 of the Customs Act, in sub-section
Section106 - AMENDMENT OF SECTION 54 -In Section 54 of the Customs Act, in sub-section
Section107 - AMENDMENT OF SECTION 61 -In Section 61 of the Customs Act, in sub-section
Section108 - AMENDMENT OF SECTION III -In Section 111 of the Customs Act, in clause
Section109 - AMENDMENT OF SECTION 117 -In Section 117 of the Customs Act, for the words "one thousand rupees", the words "ten
Section110 - AMENDMENT OF SECTION 129-DD In Section 129-DD of the Customs Act,
Section111 - AMENDMENT OF SECTION 130 -In Section 130 of the Customs Act, in sub-section
Section112 - SUBSTITUTION OF NEW SECTION FOR SECTION 130-A -For Section 130-A of the Customs Act, the following section shall be
Section113 - AMENDMENT OF SECTION 130-C -In Section 130-C of the Customs Act, in subsection
Section114 - AMENDMENT OF SECTION 130-E -In Section 130-E of the Customs Act, for the words and figures "under Section 130", the
Section115 - AMENDMENT OF SECTION 157 -In Section 157 of the Customs Act, in sub-section
Section116 - ADDITIONAL DUTY OF CUSTOMS
Section117 - AMENDMENT OF ACT 51 OF 1975 -The Customs Tariff Act, 1975
Section118 - SURCHARGE OF CUSTOMS
Section119 - SUBSTITUTION OF NEW AUTHORITIES In the Central Excise Act, 1944
Section120 - AMENDMENT OF SECTION 2 In Section 2 of the Central Excise Act,
Section121 - AMENDMENT OF SECTION 3 -In Section 3 of the Central Excise Act, in sub-section
Section122 - AMENDMENT OF SECTION 4-A -In Section 4-A of the Central Excise Act, after subsection
Section123 - AMENDMENT OF SECTION 5-A In Section 5-A of the Central Excise Act, for subsection
Section124 - INSERTION OF NEW CHAPTER III-A - After Chapter III of the Central Excise Act, the following Chapter shall be inserted,
Section125 - AMENDMENT OF SECTION 33 -In Section 33 of the Central Excise Act, in the opening paragraph, for the words "Where by the
Section126 - AMENDMENT OF SECTION 35-EE -In Section 35-EE of the Central Excise Act,
Section127 - AMENDMENT OF SECTION 35-G -In Section 35-G of the Central Excise Act, in subsection
Section128 - SUBSTITUTION OF NEW SECTION FOR SECTION 35-H -For Section 35-H of the Central Excise Act, the following section shall
Section129 - AMENDMENT OF SECTION 35-J In Section 35-J of the Central Excise Act, in subsection
Section130 - AMENDMENT OF SECTION 35-L -In Section 35-L of the Central Excise Act, for the words, figures and letter "under Section
Section131 - AMENDMENT OF SECTION 37 In Section 37 of the Central Excise Act, in subsection
Section132 - VALIDATION OF CERTAIN RULES
Section133 - ADDITIONAL DUTY OF EXCISE
Section134 - AMENDMENT OF ACT 5 OF 1986
Section135 - AMENDMENT OF ACT 58 OF 1957 -The Additional Duties of Excise
Section136 - AMENDMENT OF ACT 6 OF 1898 In the Indian Post Office Act, 1898, with effect from such date as the Central Government
Section137 - ADMENDMENT OF SECTION 8-A OF ACT 2 OF 1899 -In the Indian Stamp Act, 1899, in Section 8-A, after clause
Section138 - AMENDMENT OF ACT 32 OF 1994 -In the Finance Act, 1994,- I
Section139 - AMENDMENT OF SECTION 76 OF ACT 21 OF 1998 -In Section 76 of the Finance

Frequently asked questions

What is the Finance Act, 1999?

The Finance Act, 1999, enacted in 1999, is Central state legislation available in full text on SooperKanoon. It is commonly used for legal research alongside judgments that interpret and apply its provisions.

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