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TypeBare Act JurisdictionCentral Government

Finance Act, 1983 Section 42

Amendment of Section 5

~1 min read
https://sooperkanoon.com/act/19819

Bare act section · Research

About this section

Finance Act, 1983 Section 42 is part of Finance Act, 1983 - 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, 1958 (18 of 1958), in sub-section (1), -

43 in clause (iid) [directed to be inserted by clause (a) of section 38 of the Finance Act, 1982 (14 of 1982)], for the portion beginning with the words "savings certificates" and ending with the words "rules made thereunder", the following shall be substituted with effect from the 1st day of April, 1984, namely :-

"any foreign exchange asset as defined in clause (b) of section 115C of the Income-tax Act";

(b) in clause (iiic) [directed to be inserted by clause (b) of section 38 of the Finance Act, 1982 (14 of 1982)], for the words "of property in the form of such Capital Investment Bonds", the words "being an individual or a Hindu undivided family, of property in the form of such Capital Investment Bonds" shall be substituted.

Frequently asked questions

What does Finance Act, 1983 Section 42 provide?

Section Section 42 of the Finance Act, 1983 (Amendment of Section 5) 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 42?

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