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TypeBare Act JurisdictionCentral Government

Finance Act, 1983 Section 28

Amendment of Section 80l

~1 min read
https://sooperkanoon.com/act/19805

Bare act section · Research

About this section

Finance Act, 1983 Section 28 is part of Finance Act, 1983 - Amendment of Section 80l. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 80L of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1984, -

(a) after clause (vi), the following clause shall be inserted, namely :-

"(via) interest on deposits with any such bank, not being a banking company or a co-operative society referred to in clause (vi) but being a bank established by or under any law made by Parliament, as may be approved by the Central Government for the purposes of this clause;";

(b) for the portion beginning with the words "a deduction as specified hereunder" and ending with the words "shall not exceed two thousand rupees" (directed to be substituted by section 19 of the Finance Act, 1982 (14 of 1982), the following shall be substituted, namely :-

"a deduction as specified hereunder, namely :-

(1) in a case where the amount of such income does not exceed in the aggregate seven thousand rupees, the whole of such amount; and

(2) in any other case, seven thousand rupees".

Frequently asked questions

What does Finance Act, 1983 Section 28 provide?

Section Section 28 of the Finance Act, 1983 (Amendment of Section 80l) is reproduced on this page as part of the Finance Act, 1983. 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, 1983 Section 28?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1983 Section 28. 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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