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TypeBare Act JurisdictionCentral Government

Finance Act, 2000 Section 37

AMENDMENT OF SECTION 80-HHF In Section 80-HHF of the Income Tax Act,

~1 min read
https://sooperkanoon.com/act/455236

Bare act section · Research

About this section

Finance Act, 2000 Section 37 is part of Finance Act, 2000 - AMENDMENT OF SECTION 80-HHF In Section 80-HHF of the Income Tax Act,. Read the section text below and explore Indian court judgments that cite it.

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Section Text

a) in sub-section (1),-

(i) after the words "an Indian company", the words and brackets "or a person (other than a company) resident in India" shall be inserted;

(ii) for the words "a deduction of the profits", the words, brackets, figure and letter "a deduction to the extent of profits, referred to in sub-section (1-A)," shall be substituted with effect from the 1st day of April, 2001;

(b) after sub-section (1), the following sub-section shall be inserted with effect from the 1st day of April, 2001, namely :- "(1-A) For the purposes of sub -section (1), the extent of deduction of profits shall be an amount equal to-

(i) eighty per cent of such profits for an assessment year beginning on the 1st day of April, 2001;

(ii) sixty per cent of such profits for an assessment year beginning on the 1st day of April, 2002;

(iii) forty per cent of such profits for an assessment year beginning on the 1st day of April, 2003;

(iv) twenty per cent of such profits for an assessment year beginning on the 1st day of April, 2004, and no deduction shall be allowed in respect of the assessment year beginning on the 1st day of April, 2005 and any subsequent assessment year.".

Frequently asked questions

What does Finance Act, 2000 Section 37 provide?

Section Section 37 of the Finance Act, 2000 (AMENDMENT OF SECTION 80-HHF In Section 80-HHF of the Income Tax Act,) is reproduced on this page as part of the Finance Act, 2000. 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, 2000 Section 37?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2000 Section 37. 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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