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TypeBare Act JurisdictionCentral Government

Finance Act, 1981 Section 43

Amendment of First Schedule

~1 min read
https://sooperkanoon.com/act/45123

Bare act section · Research

About this section

Finance Act, 1981 Section 43 is part of Finance Act, 1981 - Amendment of First Schedule. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In the First Schedule to the Companies (Profits) Surtax Act, in rule 1, the following Explanation shall be added at the end, namely :-

"Explanation : Notwithstanding anything contained in any clause of this rule, the amount of any income or profits and gains which is required to be excluded from the total income under that clause shall be only the amount of such income or profits and gains as computed in accordance with the provisions of the Income-tax Act, (except Chapter VIA thereof), and in a case where any deduction is required to be allowed in respect of any such income or profits and gains under the said Chapter VIA, the amount of such income or profits and gains computed as aforesaid as reduced by the amount of such deduction.".

Frequently asked questions

What does Finance Act, 1981 Section 43 provide?

Section Section 43 of the Finance Act, 1981 (Amendment of First Schedule) is reproduced on this page as part of the Finance Act, 1981. 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, 1981 Section 43?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1981 Section 43. 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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