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TypeBare Act JurisdictionCentral Government

Finance Act, 2002

Complete Act - all sections

~11 min read
https://sooperkanoon.com/act/133551

Bare act · Research

About this act

Finance Act, 2002 (2002) 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, 2002
Section1 - SHORT TITLE AND COMMENCEMENT
Section2 - INCOME TAX
Section3 - AMENDMENT OF SECTION 2 -In Section 2-of the Income Tax Act,
Section4 - AMENDMENT OF SECTION 10 -In Section 10-of the Income Tax Act,
Section5 - AMENDMENT OF SECTION 10-A -In Section 10-A of the Income Tax Act-, with effect from the 1st day of April, 2003
Section6 - AMENDMENT OF SECTION 10-B -In Section 10-B of the Income Tax Act-, with effect from the 1st day of April, 2003,
Section7 - AMENDMENT OF SECTION 11 -In Section 11 of the Income Tax Act-, with effect from the 1st day of April, 2003
Section8 - AMENDMENT OF SECTION 12 -In Section 12-of the Income Tax Act, in sub-section
Section9 - AMENDMENT OF SECTION 12-A -InSection 12-A-of the Income Tax Act, clause
Section10 - AMENDMENT OF SECTION 14-A -InSection 14-A-of the Income Tax Act, the following proviso shall be inserted and shall be
Section11 - AMENDMENT OF SECTION 17 -InSection 17-of the Income Tax Act. in clause
Section12 - AMENDMENT OF SECTION 24 -In Section 24-of the Income Tax Act, in clause
Section13 - AMENDMENT OF SECTION 28 -In Section 28-of the Income Tax Act, after clause
Section14 - AMENDMENT OF SECTION 32 -In Section 32-of the Income Tax Act, in sub- section
Section15 - AMENDMENT OF SECTION 33-AC -InSection 33-AC-of the Income Tax Act, in sub- section
Section16 - AMENDMENT OF SECTION 35-AC -In Section 35-AC-of the Income Tax Act, after sub-section
Section17 - AMENDMENT OF SECTION 35.CCB -InSection 35-CCB-of the Income Tax Act, in sub-section
Section18 - AMENDMENT OF SECTION 35-DDA -In Section 35-DDA-of the Income Tax Act. for sub-section
Section19 - AMENDMENT OF SECTION 36 -In Section 36-of the Income Tax Act, in sub- section
Section20 - AMENDMENT OF SECTION 40 -In Section 40-of the Income Tax Act,
Section21 - SUBSTITUTION OF NEW SECTION FOR SECTION 43-A -ForSection 43-A-of the Income Tax Act, the following section shall be
Section22 - AMENDMENT OF SECTION 44-AE -In Section 44-AE of the Income Tax Act-, in sub- section
Section23 - AMENDMENT OF SECTION 47 -InSection 47 of the Income Tax Act-, in clause
Section24 - INSERTION OF NEW SECTION 50-C -AfterSection 50-B of the Income Tax Act-, the following section shall be inserted with
Section25 - AMENDMENT OF SECTION 54-EC -InSection 54-EC of the Income Tax Act-, in the Explanation occurring at the end, in clause
Section26 - AMENDMENT OF SECTION 55 -In Section 55 of the Income Tax Act-, with effect from the 1st day of April, 2003,
Section27 - SUBSTITUTION OF NEW SECTION FOR SECTION 70 -ForSection 70 of the Income Tax Act-, the following section shall be
Section28 - AMENDMENT OF SECTION 72-A -InSection 72-A of the Income Tax Act-, in sub- section
Section29 - AMENDMENT OF SECTION 74 -In Section 74 of the Income Tax Act-, with effect from the 1st day of April, 2003,
Section30 - AMENDMENT OF SECTION 80-G -In Section 80-G of the Income Tax Act-,
Section31 - AMENDMENT OF SECTION 80-GGA -In Section 80-GGA of the Income Tax Act-, in sub-section
Section32 - AMENDMENT OF SECTION 80-HHD -In Section 80-HHD of the Income Tax Act-, in sub-section
Section33 - AMENDMENT OF SECTION 80-IA -In Section 80-IA of the Income Tax Act-, with effect from the 1st day of April, 2003,
Section34 - AMENDMENT OF SECTION 80-IB -In Section 80-IB of the Income Tax Act-, with effect from the 1st day of April, 2003,
Section35 - AMENDMENT OF SECTION 80-L -InSection 80-L of the Income Tax Act-, in sub- section
Section36 - INSERTION OF NEW SECTION 80-M -AfterSection 80-L of the Income Tax Act-, the following section shall be inserted with
Section37 - AMENDMENT OF SECTION 88 -In Section 88 of the Income Tax Act-, with effect from the 1st day of April, 2003,
Section38 - SUBSTITUTION OF NEW SECTION FOR SECTION 89 -ForSection 89 of the Income Tax Act-, the following section shall be
Section39 - SUBSTITUTION OF NEW SECTION FOR SECTION 92 -ForSection 92 of the Income Tax Act-, the following section shall be
Section40 - AMENDMENT OF SECTION 92-A -InSection 92-A of the Income Tax Act-, in sub- section
Section41 - AMENDMENT OF SECTION 92-C -In Section 92-C of the Income Tax Act-,
Section42 - INSERTION OF NEW SECTION 92-CA -AfterSection 92-C of the Income Tax Act-, the following section shall be inserted with
Section43 - AMENDMENT OF SECTION 92-F -In Section 92-F-of the Income Tax Act,
Section44 - AMENDMENT OF SECTION 113 -InSection 113 of the Income Tax Act-, the following proviso shall be inserted with effect
Section45 - AMENDMENT OF SECTION 115-A -InSection 115-A of the Income Tax Act-, in sub- section
Section46 - AMENDMENT OF SECTION 115-AC -InSection 115-AC of the Income Tax Act-,
Section47 - AMENDMENT OF SECTION 115-ACA -InSection 115-ACA of the Income Tax Act-, the words, figures and letter "other than
Section48 - AMENDMENT OF SECTION 115-AD -InSection 115-AD of the Income Tax Act-, in sub-section
Section49 - INSERTION OF NEW SECTION 115-BBB - AfterSection 115-BBA of the Income Tax Act-, the following section shall be inserted
Section50 - AMENDMENT OF SECTION 115-C -InSection 115-C-of the Income Tax Act, in clause
Section51 - AMENDMENT OF SECTION 115-JA -In Section 115-JA-of the Income Tax Act, in sub- section
Section52 - AMENDMENT OF SECTION 115-JB -In Section 115-JB-of the Income Tax Act,
Section53 - AMENDMENT OF SECTION 115-O -InSection 115-O-of the Income Tax Act, in sub- section
Section54 - AMENDMENT OF SECTION 115-R -In Section 115-R-of the Income Tax Act, with effect from the 1st day of April, 2003,
Section55 - AMENDMENT OF SECTION 119 -InSection 119-of the Income Tax Act, in sub- section
Section56 - AMENDMENT OF SECTION 132 -In Section 132-of the Income Tax Act, with effect from the 1st day of June, 2002,
Section57 - SUBSTITUTION OF NEW SECTION FOR SECTION 132-B -ForSection 132-B-of the Income Tax Act- the following section shall be
Section58 - AMENDMENT OF SECTION 133-A -In Section 133-A-of the Income Tax Act, with effect from the 1st day of June, 2002,
Section59 - AMENDMENT OF SECTION 139 -In Section 139-of the Income Tax Act,
Section60 - AMENDMENT OF SECTION 143 -In Section 143-of the Income Tax Act,
Section61 - AMENDMENT OF SECTION 153 -InSection 153-of the Income Tax Act, in sub- section
Section62 - AMENDMENT OF SECTION 155 -InSection 155-of the Income Tax Act, after sub- section
Section63 - AMENDMENT OF SECTION 158-A -In Section 158-A-of the Income Tax Act, with effect from the 1st day of June, 2002,
Section64 - AMENDMENT OF SECTION 158-B -InSection 158-B-of the Income Tax Act, in clause
Section65 - AMENDMENT OF SECTION 158-BB -In Section 158-BB-of the Income Tax Act, in sub-section
Section66 - AMENDMENT OF SECTION 158-BC -In Section 158-BC-of the Income Tax Act,
Section67 - AMENDMENT OF SECTION 158-BD -InSection 158-BD-of the Income Tax Act, after the words "that Assessing Officer shall
Section68 - AMENDMENT OF SECTION 158-BE -In Section 158-BE-of the Income Tax Act, for Explanation 1, the following shall be
Section69 - INSERTION OF NEW SECTION 174-A -In Chapter XV of the Income Tax Act, afterSection 174-and before the sub-heading
Section70 - AMENDMENT OF SECTION 190 -InSection 190-of the Income Tax Act, after the words "by advance payment", the words,
Section71 - AMENDMENT OF SECTION 192 -In Section 192-of the Income Tax Act, with effect from the 1st day of June, 2002
Section72 - AMENDMENT OF SECTION 193 -In Section 193-of the Income Tax Act, in the proviso, after clause
Section73 - AMENDMENT OF SECTION 194 -In Section 194-of the Income Tax Act, for the first and second provisos, the following
Section74 - AMENDMENT OF SECTION 194-A -InSection 194-A of the Income Tax Act-, after sub-section
Section75 - AMENDMENT OF SECTION 194-C -InSection 194-C-of the Income Tax Act, after sub-section
Section76 - AMENDMENT OF SECTION 194-H -InSection 194-H-of the Income Tax Act, with effect from the 1st day of June, 2002,
Section77 - AMENDMENT OF SECTION 194-I -InSection 194-I-of the Income Tax Act, after the proviso and before the Explanation, the
Section78 - AMENDMENT OF SECTION 194-J -InSection 194-J of the Income Tax Act-, in sub- section
Section79 - SUBSTITUTION OF NEW SECTION FOR SECTION 194-K -ForSection 194-K of the Income Tax Act-, the following section shall be
Section80 - AMENDMENT OF SECTION 195 -InSection 195 of the Income Tax Act-, in sub- section
Section81 - AMENDMENT OF SECTION 195-A -InSection 195-A of the Income Tax Act-, for the words "Where, under an agreement", the
Section82 - AMENDMENT OF SECTION 196-A -InSection 196-A of the Income Tax Act-, in sub- section
Section83 - AMENDMENT OF SECTION 196-C -InSection 196-C of the Income Tax Act-, the proviso shall be omitted with effect from the
Section84 - AMENDMENT OF SECTION 196-D -InSection 196-D of the Income Tax Act-, in sub- section
Section85 - AMENDMENT OF SECTION 197-A -InSection 197-A of the Income Tax Act-, after sub-section
Section86 - AMENDMENT OF SECTION 198 -InSection 198 of the Income Tax Act-, the following proviso shall be inserted with effect
Section87 - AMENDMENT OF SECTION 199 -Section 199-of the Income Tax Act shall be renumbered as sub-section
Section88 - AMENDMENT OF SECTION 200 -Section 200-of the Income Tax Act shall be renumbered as sub-section
Section89 - AMENDMENT OF SECTION 201 -InSection 201-of the Income Tax Act, in sub- section
Section90 - AMENDMENT OF SECTION 203 -Section 203-of the Income Tax Act shall be renumbered as sub-section
Section91 - INSERTION OF NEW SECTION 206-CA -AfterSection 206-C-of the Income Tax Act, the following section shall be inserted with
Section92 - AMENDMENT OF SECTION 210 -InSection 210-of the Income Tax Act, in sub- section
Section93 - AMENDMENT OF SECTION 244-A -InSection 244-A-of the Income Tax Act, in sub- section
Section94 - AMENDMENT OF SECTION 245-C -InSection 245-C-of the Income Tax Act, sub- section
Section95 - AMENDMENT OF SECTION 245-D -In Section 245-D-of the Income Tax Act, with effect from the 1st day of June, 2002,
Section96 - OMISSION OF SECTION 245-HA -Section 245-HA of the Income Tax Act-shall be omitted with effect from the 1st day of June,
Section97 - AMENDMENT OF SECTION 252 -InSection 252 of the Income Tax Act-, for sub- section
Section98 - AMENDMENT OF SECTION 253 -InSection 253 of the Income Tax Act-, in sub- section
Section99 - SUBSTITUTION OF NEW SECTION FOR SECTION 269-T -ForSection 269-T-of the Income Tax Act, the following section shall be
Section100 - INSERTION OF NEW SECTION 269-UP -AfterSection 269-UO-of the Income Tax Act, the following section shall be inserted
Section101 - AMENDMENT OF SECTION 271 -In Section 271-of the Income Tax Act, in sub- section
Section102 - SUBSTITUTION OF NEW SECTION FOR SECTION 271-F -ForSection 271-F-of the Income Tax Act, the following section shall be
Section103 - AMENDMENT OF SECTION 272-A -InSection 272-A-of the Income Tax Act,
Section104 - INSERTION OF NEW SECTION 272-B -AfterSection 272-AA-of the Income Tax Act, the following section shall be inserted with
Section105 - INSERTION OF NEW SECTION 272 -BBB - AfterSection 272-BB-of the Income Tax Act, the following section shall be inserted
Section106 - AMENDMENT OF SECTION 273--B -In Section 273-B-of the Income Tax Act, with effect from the 1st day of June, 2002,
Section107 - INSERTION OF NEW SECTION 275-B -AfterSection 275-A-of the Income Tax Act, the following section shall be inserted with
Section108 - AMENDMENT OF SECTION 279 -InSection 279-of the Income Tax Act. in sub- section
Section109 - AMENDMENT OF SECOND SCHEDULE -In the Second Schedule to the Income Tax Act, in Rule 68-A, in sub-rule
Section110 - AMENDMENT OF SECTION 18 -In Section 18-of the Wealth Tax Act, 1957
Section111 - AMENDMENT OF SECTION 18-C -In Section 18-C-of the Wealth Tax Act, with effect from the 1st day of June, 2002,
Section112 - AMENDMENT OF SECTION 22-D -In Section 22-D of the Wealth Tax Act-, with effect from the 1st day of June, 2002,
Section113 - OMISSION OF SECTION 22-HA -Section 22-HA of the Wealth Tax-Act shall be omitted with effect from the 1st day of June,
Section114 - AMENDMENT OF SECTION 34-A -In Section 34-A of the Wealth Tax Act-, with effect from the 1st day of June, 2002,
Section115 - AMENDMENT OF SECTION 3 -In theExpenditure Tax Act, 1987
Section116 - AMENDMENT OF SECTION 5 -In the Expenditure Tax Act, inSection 5-, in clause
Section117 - AMENDMENT OF SECTION 4 -In Section 4 of the Customs Act, 1962
Section118 - AMENDMENT OF SECTION 14 -In Section 14 of the Customs Act-,
Section119 - AMENDMENT OF SECTION 25 -In Section 25 of the Customs Act-,
Section120 - AMENDMENT OF SECTION 28-AA -InSection 28-AA of the Customs Act-, in sub- section
Section121 - AMENDMENT OF SECTION 28-AB -InSection 28-AB of the Customs Act-, in sub- section
Section122 - AMENDMENT OF SECTION 28-I -InSection 28-I of the Customs Act- in sub- section
Section123 - AMENDMENT OF SECTION 47 -In Section 47 of the Customs Act-, in sub- section
Section124 - AMENDMENT OF SECTION 61 -In Section 61 of the Customs Act-, in sub-section
Section125 - AMENDMENT OF SECTION 75 -InSection 75 of the Customs Act-, in sub-section
Section126 - INSERTION OF NEW CHAPTER X-A -After Chapter X of the Customs Act, the following Chapter shall, with effect from such
Section127 - AMENDMENT OF SECTION 129-B -In Section 129-B-of the Customs Act,
Section128 - AMENDMENT OF SECTION 129-D -InSection 129-D-of the Customs Act, for sub- section
Section129 - INSERTION OF NEW SECTION 8-C -In theCustoms Tariff Act, 1975
Section130 - REFUND OF ADDITIONAL DUTY OF CUSTOMS IN CERTAIN CASES
Section131 - AMENDMENT OF FIRST SCHEDULE -In the Customs Tariff Act, the First Schedule shall be amended in the manner as specified
Section132 - AMENDMENT OF SECTION 2 -In theCentral Excise Act, 1944
Section133 - AMENDMENT OF SECTION 3 -In Section 3 of the Central Excise Act-, in sub- section
Section134 - AMENDMENT OF SECTION 5-A -In Section 5-A of the Central Excise Act-,
Section135 - AMENDMENT OF SECTION 11-AA -InSection 11-AA of the Central Excise Act-, in sub-section
Section136 - AMENDMENT OF SECTION 11-AB -InSection 11-AB of the Central Excise Act-, in sub-section
Section137 - OMISSION OF SECTIONS 16 AND 17 -Sections 16-and17 of the Central Excise Act-shall be omitted
Section138 - AMENDMENT OF SECTION 23-D -InSection 23-D of the Central Excise Act-, in sub- section
Section139 - OMISSION OF CHAPTER IV -Chapter IV of the Central Excise Act shall be omitted
Section140 - AMENDMENT OF SECTION 35-C -In Section 35-C of the Central Excise Act-,
Section141 - AMENDMENT OF SECTION 35-E -InSection 35-E of the Central Excise Act-, for sub- section
Section142 - AMENDMENT OF NOTIFICATION ISSUED UNDER SECTION 5A OF THE CENTRAL EXCISE ACT
Section143 - AMENDMENT OF CENTRAL EXCISE RULES, 2002 AND VALIDATION OF ACTION TAKEN THEREUNDER. -The Central Excise Rules, 2002 made
Section144 - AMENDMENT OF NOTIFICATION ISSUED UNDER RULE 57-AK OF THE CENTRAL EXCISE RULES, 1944
Section145 - MENDMENT OF ACT 5 OF 1986 -In the Central Excise Tariff Act, 1985
Section146 - AMENDMENT OF ACT 58 OF 1957 -In the Additional Duties of Excise
Section147 - SPECIAL ADDITIONAL EXCISE DUTY
Section148 - MODIFICATION OF ACT 32 OF 1994
Section149 - AMENDMENT OF ACT 32 OF 1994 -In the Finance Act, 1994, with effect from such date as the Central Government may, by
Section150 - AMENDMENT OF SECTION 2 -In the Central Sales Tax Act, 1956
Section151 - AMENDMENT OF SECTION 6-A -In Section 6-A of the Central Sales Tax Act-, in sub- section
Section152 - AMENDMENT OF SECTION 8 -In Section 8 of the Central Sales Tax Act-,
Section153 - AMENDMENT OF SECTION 10 -In Section 10 of the Central Sales Tax Act-,
Section154 - AMENDMENT OF SECTION 13 In Section 13 of the Central Sales Tax Act- in sub- section
Section155 - AMENDMENT OF SECTION 15 In Section 15 of the Central Sales Tax Act-, in clause
Section156 - AMENDMENT OF ACT 6 OF 1898 In the Indian Post Office Act, 1898, with effect from such date as the Central Government
Section157 - OMISSION OF SECTION 43-A OF ACT 31 OF 1956 -Section 43-A of the Life Insurance Corporation Act, 1956shall be omitted
Section158 - OMISSION OF SECTION 35-A OF ACT 57 OF 1972 -Section 35-A of the General Insurance Business
Section159 - OMISSION OF SECTION 22-A OF ACT 47 OF 1974 -In the Oil Industry
Section160 - AMENDMENT OF THE SCHEDULE TO ACT 47 OF 1974 -In the Schedule to the Oil Industry
Section161 - AMENDMENT OF NOTIFICATION ISSUED UNDER SUB-SECTION
Section162 - OMISSION OF SECTION 44 OF ACT 37 OF 1987 -Section 44 of the National Dairy Development Board Act. 1987shall be omitted
Section163 - OMISSION OF SECTION 22 OF ACT 25 OF 1990 -Section 22 of the Prasar Bharati

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The Finance Act, 2002, enacted in 2002, 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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