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TypeBare Act JurisdictionCentral Government

Finance Act, 1972 Section 60

APPLICABILITY OF REVISED RATE OF INTEREST -- For the removal of doubts, it is hereby declared that where interest is

~1 min read
https://sooperkanoon.com/act/454711

Bare act section · Research

About this section

Finance Act, 1972 Section 60 is part of Finance Act, 1972 - APPLICABILITY OF REVISED RATE OF INTEREST -- For the removal of doubts, it is hereby declared that where interest is. Read the section text below and explore Indian court judgments that cite it.

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Section Text

a)section 139 of the Income-tax Act-or any other provision of that Act referred to insection 25-of this Act: or (b)section 31-orsection 34A of the Wealth-tax Act-: or (c)section 32-orsection 33A of the Gift-tax Act-; or (d)section 18 of the Companies (profits) sur-tax Act-, in respect of any period commencing on or before the 31st day of March, 1972, and ending after that date, such interest shall, in respect of so much of such period as falls after that date, be calculated at the rate of twelve per cent. per annum.

51 of 1975)-

Frequently asked questions

What does Finance Act, 1972 Section 60 provide?

Section Section 60 of the Finance Act, 1972 (APPLICABILITY OF REVISED RATE OF INTEREST -- For the removal of doubts, it is hereby declared that where interest is) is reproduced on this page as part of the Finance Act, 1972. 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, 1972 Section 60?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1972 Section 60. 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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