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TypeBare Act JurisdictionCentral Government

Finance Act, 1997 Section 36

SUBSTITUTION OF NEW SECTION FOR SECTION 115E -ForSection 115-E of the Income Tax Act-, the following section shall be

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https://sooperkanoon.com/act/455144

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About this section

Finance Act, 1997 Section 36 is part of Finance Act, 1997 - SUBSTITUTION OF NEW SECTION FOR SECTION 115E -ForSection 115-E of the Income Tax Act-, the following section shall be. Read the section text below and explore Indian court judgments that cite it.

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Section Text

a) any income from investment or income from long-term capital gains of an asset other than a specified asset;

(b) income by way of long-term capital gains, the tax payable by him shall be the aggregate of-

(i) the amount of income tax calculated on the income in respect of investment income referred to in clause (a), if any, included in the total income, at the rate of twenty per cent;

(ii) the amount of income tax calculated on the income by way of long-term capital gains referred to in clause (b), if any, included in the total income, at the rate of ten per cent; and (iii) the amount of income tax with which he would have been chargeable had his total income been reduced by the amount of income referred to in clauses (a) and (b).".

Frequently asked questions

What does Finance Act, 1997 Section 36 provide?

Section Section 36 of the Finance Act, 1997 (SUBSTITUTION OF NEW SECTION FOR SECTION 115E -ForSection 115-E of the Income Tax Act-, the following section shall be) is reproduced on this page as part of the Finance Act, 1997. 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, 1997 Section 36?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1997 Section 36. 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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