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TypeBare Act JurisdictionCentral Government

Finance Act, 2005

Complete Act - all sections

~7 min read
https://sooperkanoon.com/act/133554

Bare act · Research

About this act

Finance Act, 2005 (2005) 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

Section1 - Short title and commencement
Section2 - Income tax
Chapter3 - : DIRECT TAXES INCOME TAX:
Section10 - In Section 10 of the Income Tax Act, with effect from the 1st day of April, 2006,
Section5 - Amendment of Section 10-A: In Section 10-A of the Income Tax Act, in subsection
Section16 - In Section 16 of the Income Tax Act, clause
Section17 - In Section 17 of the Income Tax Act, in clause
Section32 - In Section 32 of the Income Tax Act, in subsection
Section9 - Amendment of Section 33AC: In Section 33-AC of the Income Tax Act, in subsection
Section35 - In Section 35 of the Income Tax Act, in subsection
Section11 - Amendment of Section 35-DDA: In Section 35-DDA of the Income Tax Act, in sub-section
Section36 - In Section 36 of the Income Tax Act, in subsection
Section40 - In Section 40 of the Income Tax Act, in clause
Section43 - In Section 43 of the Income Tax Act, in clause
Section47 - In Section 47 of the Income Tax Act, after clause
Section49 - In Section 49 of the Income Tax Act, in subsection
Section18 - Amendment of Section 54ED: In Section 54-ED of the Income Tax Act, for subsection
Section19 - Insertion of new Section 72-AA: After Section 72-A of the Income Tax Act, the following section shall be inserted,
Section73 - In Section 73 of the Income Tax Act, in subsection
Section21 - Insertion of new Section 80-C: After Section 80-B of the Income Tax Act, the following section shall be inserted with
Section22 - Amendment of Section 80-CCC: In Section 80-CCC of the Income Tax Act, for sub-section
Section23 - Amendment of Section 80-CCD: In Section 80-CCD of the Income Tax Act, for sub-section
Section24 - Insertion of new Section 80-CCE: After Section 80-CCD of the Income Tax Act, the following section shall be inserted
Section25 - Substitution of new section for Section 80-E : For Section 80-E of the Income Tax Act, the following section shall be
Section26 - Amendment of Section 80-IA: In Section 80-IA of the Income Tax Act, in subsection
Section27 - Amendment of Section 80-IB: In Section 80-IB of the Income Tax Act, with effect from the 1st day of April, 2006,
Section28 - Omission of Section 80-L: Section 80-L of the Income Tax Act shall be omitted with effect from the 1st day of April,
Section88 - In Section 88 of the Income Tax Act, after subsection
Section30 - Omission of Section 88-B: Section 88-B of the Income Tax Act shall be omitted with effect from the 1st day of April,
Section31 - Omission of Section 88-C: Section 88-C of the Income Tax Act shall be omitted with effect from the 1st day of April,
Section112 - In Section 112 of the Income Tax Act, in sub- section
Section34 - Amendment of Section 115-A: In Section 115-A of the Income Tax Act, in subsection
Section37 - Insertion of new Chapter XII-H: After Chapter XII-G of the Income Tax Act, the following chapter shall be inserted with
Section119 - In Section 119 of the Income Tax Act, in subsection
Section124 - In Section 124 of the Income Tax Act, in subsection
Section139 - In Section 139 of the Income Tax Act,
Section41 - Amendment of Section 139-A: In Section 139-A of the Income Tax Act, in sub- section
Section140 - In Section 140 of the Income Tax Act, in the opening portion, for the words and figures "under Section 139", the words
Section142 - In Section 142 of the Income Tax Act, in subsection
Section153 - In Section 153 of the Income Tax Act, with effect from the 1st day of April, 2006,
Section46 - Amendment of Section 153-B: In Section 153-B of the Income Tax Act, in subsection
Section48 - Amendment of Section 194-A: In Section 194-A of the Income Tax Act, in subsection
Section199 - In Section 199 of the Income Tax Act, in subsection
Section203 - In Section 203 of the Income Tax Act, in sub-section
Section52 - Insertion of new Section 206-A: After Section 206 of the Income Tax Act, the following section shall be inserted with
Section53 - Amendment of Section 206-C: In Section 206-C of the Income Tax Act,
Section238 - In Section 238 of the Income Tax Act, after subsection
Section239 - In Section 239 of the Income Tax Act, in subsection
Section56 - Amendment of Section 244-A: In Section 244-A of the Income Tax Act, with effect from the 1st day of April, 2006
Section57 - Amendment of Section 246-A In Section 246-A of the Income Tax Act, in subsection
Section271 - In Section 271 of the Income Tax Act, with effect from the 1st day of April, 2006
Section59 - Insertion of new Section 271-FB: After Section 271-FA of the Income Tax Act. the following section shall be inserted
Section60 - Amendment of Section 272-A: In Section 272-A of the Income Tax Act, in subsection
Section61 - Amendment of Section 272-B: In Section 273-B of the Income Tax Act, for the word, figures and letters "Section 271-FA",
Section62 - Amendment of Section 276-CC: In Section 276-CC of the Income Tax Act, with effect from the 1st day of April, 2006,
Section278 - In Section 278 of the Income Tax Act, for the words "any income chargeable to tax", the words "any income or any fringe
Section295 - In Section 295 of the Income Tax Act, in subsection
Chapter4 - : INDIRECT TAXES CUSTOMS:
Section65 - Amendment of Section 28-E: In Section 28-E of the Customs Act, 1962
Section66 - Amendment of Section 28-F: In Section 28-F of the Customs Act, in subsection
Section67 - Amendment of Section 28-H: In Section 28-H of the Customs Act, in subsection
Section68 - Amendment of Section 127-MA: In Section 127-MA of the Customs Act,
Section69 - Amendment of Section 128-A: In Section 128-A of the Customs Act, in subsection
Section70 - Amendment of Section 129-A.In Section 129-A of the Customs Act,
Section71 - Amendment of Section 129-D: In Section 129-D of the Customs Act, for the word "Board", occurring in sub-sections
Section72 - Substitution of new section for
Section3 - For Section 3 of the Customs Tariff Act, 1975
Section74 - Amendment of First Schedule: In the Customs Tariff Act, the First Schedule all be amended in the manner as specified in
Section75 - Amendment of Section 5-A: In Section 5-A of the Central Excise Act, 1944
Section76 - amendment of Section 23-A: In Section 23-A of the Central Excise Act,
Section77 - Amendment of Section 32-PA: In Section 32-PA of the Central Excise Act,
Section78 - Amendment of Section 35-A In Section 35-A of the Central Excise Act, in subsection
Section79 - Amendment of Section 35-B: In Section 35-B of the Central Excise Act,
Section80 - Amendment of Section 35-E: In Section 35-E of the Central Excise Act, for the word "Board", occurring in sub-sections
Section81 - Substitution of new Schedule for Third Schedule. For the Third Schedule to the Central Excise Act, the Schedule
Section82 - Amendment of Central Excise Rules, 1944
Section83 - Amendment of Rule 6 of the CENVAT Credit Rules, 2001
Section84 - Amendment of notification issued under Section 5-A of the Central Excise Act
Section85 - Additional duty of excise
Section86 - Amendment of First Schedule and Second Schedule: The Central Excise Tariff Act, 1985
Section87 - Amendment of Chapter 15 of First Schedule
Chapter5 - : SERVICE TAX:
Section6 - In Section 6 of the Central Sales Tax Act, for subsection
Section13 - In Section 13 of the Central Sales Tax Act, in subsection
Chapter7 - : BANKING CASH TRANSACTION TAX:
Section93 - Extent, commencement and application
Section94 - Definitions: In this chapter, unless the context otherwise requires,
Section95 - Charge of banking cash transaction tax
Section96 - Value of taxable banking transaction: The value of taxable banking transaction shall be,
Section97 - Collection and recovery of banking cash transaction tax
Section98 - Scheduled bank of furnish prescribed return
Section99 - Assessment
Section100 - Rectification of mistake
Section101 - Interest on delayed payment of banking cash transaction tax: Every assessee who fails to credit the banking cash
Section103 - Penalty for failure
Section104 - Penalty for failure to comply with notice: If the Assessing Officer in the course of any proceedings under this chapter
Section105 - Penalty not to be imposed in certain cases: Notwithstanding anything contained in the provisions of Section 102 or
Section106 - Application of certain provisions of Act 43 of 1961: The provisions of the following sections of the Income Tax Act,
Section107 - Appeals to Commissioner of Income-Tax
Section108 - Appeals to Appellate Tribunal
Section109 - False statement in verification etc
Section110 - Institution of proceedings: A person shall not be proceeded against for any offence under Section 109 except with the
Section111 - Power to make rules
Section112A - This Chapter not to apply in certain cases: The provisions of this Chapter shall not apply to, or in relation to, the
Chapter8 - : MISCELLANEOUS:
Section113 - Amendment of Act 5 of 1873: In Section 3 of the Government Savings Banks Act, 1873, in the definition of "depositor",
Section114 - Insertion of new Section 8-B in Act 2 of 1899: After Section 8-A of the Indian Stamp Act, 1899, the following section
Section115 - Amendment of Section 2 of Act 49 of 1950: Section 2 of the Contingency Rind of India Act, 1950 shall be numbered as
Section116 - Substitution of new schedule for First Schedule to Act 58 of 1957: For the First Schedule to the Additional Duties of
Section117 - Amendment of Section 2 of Act 46 of 1959: In Section 2 of the Government Savings Certificates Act, 1959, for clause
Section118 - Substitution of new Schedule for Schedule to Act 40 of 1978: For the Schedule to the Additional Duties of Excise
Section120 - Amendment of Second Schedule to Act 27 of 1999: In the Finance Act, 1999, in the Second Schedule, for the entry in
Section121 - Amendment of Section 10 of Act 54 of 2000: Section 10 of the Central Road Fund Act, 2000 shall be numbered as
Section122 - Substitution of new Schedule for Seventh Schedule to Act 14 of 2001: For the Seventh Schedule to the Finance Act, 2001,
Section123 - Amendment of Act 32 of 2003: In the Finance Act, 2003,

Frequently asked questions

What is the Finance Act, 2005?

The Finance Act, 2005, enacted in 2005, 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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