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TypeBare Act JurisdictionCentral Government

Finance Act, 1992 Section 71

Amendment of Section 194a

~1 min read
https://sooperkanoon.com/act/440802

Bare act section · Research

About this section

Finance Act, 1992 Section 71 is part of Finance Act, 1992 - Amendment of Section 194a. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 194A of the Income-tax Act, with effect from the 1st day of June, 1992, -

(a) in sub-section (1), the proviso shall be omitted;

(b) sub-section (2) shall be omitted;

(c) in sub-section (3), for clauses (vii) and (viia), the following clause shall be substituted, namely :-

"(vii) to such income credited or paid in respect of deposits with a banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act), or with a co-operative society engaged in carrying on the business of banking (including a co-operative land mortgage bank or a co-operative land development bank);";

(d) the Explanation occurring at the end shall be omitted.

Frequently asked questions

What does Finance Act, 1992 Section 71 provide?

Section Section 71 of the Finance Act, 1992 (Amendment of Section 194a) 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 71?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1992 Section 71. 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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