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TypeBare Act JurisdictionCentral Government

Finance Act, 2012, (Central) Section 146

Amendment of Section 2

~1 min read
https://sooperkanoon.com/act/63800

Bare act section · Research

About this section

Finance Act, 2012, (Central) Section 146 is part of Finance Act, 2012, (Central) - Amendment of Section 2. Read the section text below and explore Indian court judgments that cite it.

Research copy - verify against official government publications before filing or court use.

Section Text

In section 2 of the Fiscal Responsibility and Budget Management Act, 2003 (39 of 2003) (hereinafter referred to as the Fiscal Responsibility Act),

(i) after clause (a), the following clause shall be inserted, namely:

'(aa) "effective revenue deficit" means the difference between the revenue deficit and grants for creation of capital assets;';

(ii) after clause (b), the following clause shall be inserted, namely:

(bb) "grants for creation of capital assets" means the grants in aid given by the Central Government to the State Governments, constitutional authorities or bodies, autonomous bodies, local bodies and other scheme implementing agencies for creation of capital assets which are owned by the said entities;'.

Frequently asked questions

What does Finance Act, 2012, (Central) Section 146 provide?

Section Section 146 of the Finance Act, 2012, (Central) (Amendment of Section 2) is reproduced on this page as part of the Finance Act, 2012, (Central). 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, 2012, (Central) Section 146?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2012, (Central) Section 146. 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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