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TypeBare Act JurisdictionCentral Government

Finance Act, 2011, (Central) Section 16

Amendment of Section 115a

~1 min read
https://sooperkanoon.com/act/64162

Bare act section · Research

About this section

Finance Act, 2011, (Central) Section 16 is part of Finance Act, 2011, (Central) - Amendment of Section 115a. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 115A of the Income-tax Act, in sub-section (1), in clause (a), with effect from the 1st day of June, 2011,--

(a) in sub-clause (ii), after the words "foreign currency", the words, brackets, figures and letter "not being interest of the nature referred to in clause (iia)" shall be inserted;

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

"(iia) interest received from an infrastructure debt fund referred to in clause (47) of section 10; or";

(c) after item (B), the following item shall be inserted, namely:--

"(BA) the amount of income-tax calculated on the amount of income by way of interest referred to in sub-clause (iia), if any, included in the total income, at the rate of five per cent.;";

(d) in item (D), after the word, brackets and figures "sub-clause (ii)", the word, brackets, figures and letter ", sub-clause (iia)" shall be inserted.

Frequently asked questions

What does Finance Act, 2011, (Central) Section 16 provide?

Section Section 16 of the Finance Act, 2011, (Central) (Amendment of Section 115a) is reproduced on this page as part of the Finance Act, 2011, (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, 2011, (Central) Section 16?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2011, (Central) Section 16. 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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