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TypeBare Act JurisdictionCentral Government

Finance Act, 1986 Section 42

Amendment of Section 5

~1 min read
https://sooperkanoon.com/act/13366

Bare act section · Research

About this section

Finance Act, 1986 Section 42 is part of Finance Act, 1986 - Amendment of Section 5. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 5 of the Gift-tax Act, with effect from the 1st day of April, 1987,-

(a) in sub-section (1), clauses (iiia), (vi), (viii), (ix), (xiv) and (xvi) shall be omitted;

(b) in sub-section (1A), the words, brackets and figures "or clause (vi)" shall be omitted;

(c) in sub-section (2), for the words "five thousand", the words "twenty thousand" shall be substituted;

(d) sub-section (3) shall be omitted.

Frequently asked questions

What does Finance Act, 1986 Section 42 provide?

Section Section 42 of the Finance Act, 1986 (Amendment of Section 5) is reproduced on this page as part of the Finance Act, 1986. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 1986 Section 42?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1986 Section 42. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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