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TypeBare Act JurisdictionCentral Government

Finance (No. 2) Act, 1980 Section 18

Amendment of Section 80jj

~1 min read
https://sooperkanoon.com/act/31492

Bare act section · Research

About this section

Finance (No. 2) Act, 1980 Section 18 is part of Finance (No. 2) Act, 1980 - Amendment of Section 80jj. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 80JJ of the Income-tax Act, with effect from the 1st day of April, 1981, -

(a) in clause (a), for the words "ten thousand rupees", the words "fifteen thousand rupees" shall be substituted;

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

"(b) in any other case, one-fifth of the aggregate amount of such profits and gains or fifteen thousand rupees, whichever is higher :

Provided that in computing the aggregate amount of such profits and gains in a case where the profits and gains derived from a business of poultry farming exceed seventy-five thousand rupees, such excess shall be ignored.".

Frequently asked questions

What does Finance (No. 2) Act, 1980 Section 18 provide?

Section Section 18 of the Finance (No. 2) Act, 1980 (Amendment of Section 80jj) is reproduced on this page as part of the Finance (No. 2) Act, 1980. 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, 1980 Section 18?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance (No. 2) Act, 1980 Section 18. 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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