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TypeBare Act JurisdictionCentral Government

Finance Act 1965 Section 65

Amendment of First Schedule

~1 min read
https://sooperkanoon.com/act/49622

Bare act section · Research

About this section

Finance Act 1965 Section 65 is part of Finance Act 1965 - 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 Income tax Act, in rule 3, in clause (c), for the words "but no income tax shall be payable on the annual average of the amount of such interest", the words "but the assessee shall be entitled to a deduction from the amount of income tax with which he is chargeable on his total income, of an amount calculated at the rate of twenty five per cent. on the annual average of the amount of such interest" shall be substituted.

Frequently asked questions

What does Finance Act 1965 Section 65 provide?

Section Section 65 of the Finance Act 1965 (Amendment of First Schedule) is reproduced on this page as part of the Finance Act 1965. 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 1965 Section 65?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 1965 Section 65. 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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