Income Tax Department

Ministry of Finance, Government of India

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Section 127

Amendment of Act 49 of 1950

Section

Section Number

127

Chapter

CHAPTER VI - MISCELLANEOUS

Act

Finance Acts

Year

2021

Amendment of Act 49 of 1950

 

PART II

AMENDMENT TO THE CONTINGENCY FUND OF INDIA ACT, 1950

Amendment of Act 49 of 1950.

127. In section 2 of the Contingency Fund of India Act, 1950, after sub-section (2), the following sub-section shall be inserted, namely:––

"(3) On and from the date on which the Finance Bill, 2021 receives the assent of the President, the sum which shall be paid from and out of the Consolidated Fund of India into the Contingency Fund of India under sub-section (2) shall stand enhanced to thirty thousand crores of rupees.".

 

Footnotes