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TypeBare Act JurisdictionCentral Government

Finance (No.2) Act, 2004 Section 71

In

~1 min read
https://sooperkanoon.com/act/454496

Bare act section · Research

About this section

Finance (No.2) Act, 2004 Section 71 is part of Finance (No.2) Act, 2004 - In. Read the section text below and explore Indian court judgments that cite it.

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Section Text

SECTION 14: Amendment of S.71 of the Income Tax Act, 1961), after sub-section (2), the following sub-section shall be inserted with effect from the 1st day of April, 2005, namely- '(2A) Notwithstanding anything contained in sub-section (1) or sub-section (2), where in respect of any assessment year, the net result of the computation under the head "Profits and gains of business or profession" is a loss and the assessee has income assessable under the head "Salaries", the assessee shall not be entitled to have such loss set off against such income.

Frequently asked questions

What does Finance (No.2) Act, 2004 Section 71 provide?

Section Section 71 of the Finance (No.2) Act, 2004 (In) is reproduced on this page as part of the Finance (No.2) Act, 2004. 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, 2004 Section 71?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance (No.2) Act, 2004 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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