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TypeBare Act JurisdictionCentral Government

Finance Act, 1992 Section 42

Amendment of Section 80cca

~1 min read
https://sooperkanoon.com/act/440773

Bare act section · Research

About this section

Finance Act, 1992 Section 42 is part of Finance Act, 1992 - Amendment of Section 80cca. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 80CCA of the Income-tax Act, with effect from the 1st day of April, 1993, -

(a) in sub-section (1), after the proviso, the following proviso shall be inserted, namely :-

"Provided further that no deduction under this sub-section shall be allowed in relation to any amount deposited or paid under clauses (i) and (ii) on or after the 1st day of April, 1992.";

(b) in sub-section (2), the following proviso shall be inserted at the end, namely :-

"Provided that nothing contained in this sub-section shall apply to any amount received by the assessee on account of the surrender of the policy in accordance with the terms of the annuity plan of the Life Insurance Corporation where the assessee elects to surrender before the 1st day of October, 1992, the said annuity plan in respect of which he had paid any amount under clause (ii) of sub-section (1) before the 1st day of April, 1992.".

Frequently asked questions

What does Finance Act, 1992 Section 42 provide?

Section Section 42 of the Finance Act, 1992 (Amendment of Section 80cca) is reproduced on this page as part of the Finance Act, 1992. 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, 1992 Section 42?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1992 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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