Finance Act, 1986

Chapter: I
PRELIMINARY
Section 1	:	Short title and commencement
Chapter: II
RATES OF INCOME-TAX
Section 2	:	Income-Tax
DIRECT TAXES INCOME-TAX
Section 3	:	Amendment of section 10
Section 4	:	Amendment of section 16
Section 5	:	Amendment of section 23
Section 6	:	Amendment of section 24
Section 7	:	Amendment of section 32A
Section 8	:	Insertion of New Section 32AB
Section 9	:	Amendment of section 43
Section 10	:	Amendment of section 50
Section 11	:	Amendment of section 54
Section 12	:	Amendment of section 54E
Section 13	:	Amendment of section 55
Section 14	:	Amendment of section 58
Section 15	:	Amendment of section 74
Section 16	:	Amendment of section 74A
Section 17	:	Amendment of section 80GG
Section 18	:	Amendment of section 80HHA
Section 19	:	Omission of section 80K
Section 20	:	Amendment of section 80L
Section 21	:	Substitution of new section for section 80M
Section 22	:	Omission of section 80S
Section 23	:	Amendment of section 80T
Section 24	:	Omission of section 80TT
Section 25	:	Amendment of section 115A
Section 26	:	Insertion of new section 115BB
Section 27	:	Insertion of new section 133B
Section 28	:	Amendment of section 155
Section 29	:	Amendment of section 193
Section 30	:	Amendment of section 194B
Section 31	:	Amendment of section 194BB
Section 32	:	Amendment of section 204
Section 33	:	Insertion of new section 269RR
Section 34	:	Insertion of new chapter XXC
Section 35	:	Insertion of new section 272AA
Section 36	:	Insertion of new section 276AB
Section 37	:	Omission of section 276AA
Section 38	:	Omission of Twelfth Schedule
Section 39	:	Consequential Amendments
WEALTH-TAX
Section 40	:	Amendment of Act 27 of 1957
GIFT-TAX
Section 41	:	Amendment of section 3
Section 42	:	Amendment of section 5
Section 43	:	Omission of section 6A
Section 44	:	Amendment of section 18
Section 45	:	Amendment of section 19A
Section 46	:	Amendment of the schedule
SURTAX
Section 47	:	Amendment of Act 7 of 1964
Chapter: IV
INDIRECT TAXES CUSTOMS
Section 48	:	Amendment of Act 51 of 1975
Section 49	:	Auxiliary duties of customs
Section 50	:	Amendment of Act 52 of 1962
EXCISE
Section 51	:	Amendment of Act 1 of 1944
Section 52	:	Amendment of Act 5 of 1986
Section 53	:	Special duties of excise
Section 54	:	Amendment of Act 12 of 1953
Section 55	:	Amendment of Act 58 of 1957
Section 56	:	Amendment of Act 40 of 1978
SCHEDULE
SCH-01	:	First Schedule
SCH-02	:	Second Schedule
SCH-03	:	Third Schedule
SCH-04	:	Fourth Schedule
SCH-05	:	Fifth Schedule