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Section 1 - Short title and commencement - Finance Act, 1981Extract THE FINANCE ACT, 1981 No. 16 of 1981 [12th May, 1981] An Act to give effect to the financial proposals of the Central Government for the financial year 1981-82 BE it enacted by Parliament in the Thirty-second Year of the Republic of India as follows :- CHAPTER I PRELIMINARY 1. Short title and commencement (1) This Act may be called the Finance Act, 1981. (2) Save as otherwise provided in this Act, section 2 to 45 and section 53 shall be deemed to have come into force on the first day of April, 1981.
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