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TypeBare Act JurisdictionCentral Government

Finance Act,1990 Section 40

Insertion of New Section 194f

~1 min read
https://sooperkanoon.com/act/17230

Bare act section · Research

About this section

Finance Act,1990 Section 40 is part of Finance Act,1990 - Insertion of New Section 194f. Read the section text below and explore Indian court judgments that cite it.

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Section Text

After section 194E of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 1991, namely :-

"194F. Payments on account of repurchase of units by Mutual Fund or Unit Trust of India. - The person responsible for paying to any person any amount referred to in sub-section (2) of section 80CCB shall, at the time of payment thereof, deduct income-tax thereon at the rate of twenty per cent."

Frequently asked questions

What does Finance Act,1990 Section 40 provide?

Section Section 40 of the Finance Act,1990 (Insertion of New Section 194f) is reproduced on this page as part of the Finance Act,1990. 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,1990 Section 40?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act,1990 Section 40. 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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