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TypeBare Act JurisdictionCentral Government

Finance (No. 2) Act 1965 Section 12

Amendment of Section 114

~1 min read
https://sooperkanoon.com/act/22015

Bare act section · Research

About this section

Finance (No. 2) Act 1965 Section 12 is part of Finance (No. 2) Act 1965 - Amendment of Section 114. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 114 of the Income-tax Act, -

(a) in clause (a), for the words, brackets and figures "if any, referred to in clause (ii) of section 28", the words, brackets and figures "referred to in clause (ii) of section 28 and of the interest on National Savings Certificates (First Issue), if any," shall be substituted;

(b) in sub-clause (i) of clause (b), after the words "the amount of compensation or other payment", the words and brackets "and of the interest on National Savings Certificates (First Issue)" shall be inserted;

(c) for clause (c), the following clause shall be substituted, namely :-

"(c) the tax on such compensation or other payment and on the interest on National Savings Certificates (First Issue) aforesaid, if any, computed in accordance with the provisions of clause (iii) of section 112 and of clause (b) of section 112A, respectively.".

Frequently asked questions

What does Finance (No. 2) Act 1965 Section 12 provide?

Section Section 12 of the Finance (No. 2) Act 1965 (Amendment of Section 114) is reproduced on this page as part of the Finance (No. 2) Act 1965. 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 (No. 2) Act 1965 Section 12?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance (No. 2) Act 1965 Section 12. 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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