{"act":{"id":"finance-act-2013","short_title":"The Finance Act, 2013","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2013-2014.","act_number":null,"act_year":2013,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":142,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2013/"},"unit":"section","section":{"number":"13","heading":"Amendment of section 80CCG","text":"Amendment of section 80CCG. 13. In section 80CCG of the Income-tax Act, with effect from the 1st day of April, 2014,— (a) | in sub-section (1),— (i) | after the words \"acquired listed equity shares\", the words \"or listed units of an equity oriented fund\" shall be inserted; (ii) | after the words \"in such equity shares\", the words \"or units\" shall be inserted; (b) | for sub-section (2), the following sub-section shall be substituted, namely:— \"(2) The deduction under sub-section (1) shall be allowed in accordance with, and subject to, the provisions of this section for three consecutive assessment years, beginning with the assessment year relevant to the previous year in which the listed equity shares or listed units of equity oriented fund were first acquired.\"; (c) | in sub-section (3),— (A) | in clause (i), for the words \"ten lakh rupees\", the words \"twelve lakh rupees\" shall be substituted; (B) | in clause (iii), after the words \"listed equity shares\", the words \"or listed units of equity oriented fund\" shall be inserted; (d) | after sub-section (4), the following Explanation shall be inserted, namely:— 'Explanation.—For the purposes of this section, \"equity oriented fund\" shall have the meaning assigned to it in the Explanation to clause (38) of section 10.'. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 80CCG.</b></p><p><b>13.</b> In section 80CCG of the Income-tax Act, with effect from the 1st day of April, 2014,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (1)<i>,</i>—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>after the words \"acquired listed equity shares\", the words \"or listed units of an equity oriented fund\" shall be inserted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>after the words \"in such equity shares\", the words \"or units\" shall be inserted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>b</i>)</td><td></td><td>for sub-section (2), the following sub-section shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>\"(2) The deduction under sub-section (1) shall be allowed in accordance with, and subject to, the provisions of this section for three consecutive assessment years, beginning with the assessment year relevant to the previous year in which the listed equity shares or listed units of equity oriented fund were first acquired.\";</td></tr><tr><td>(<i>c</i>)</td><td></td><td>in sub-section (3),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>in clause (<i>i</i>), for the words \"ten lakh rupees\", the words \"twelve lakh rupees\" shall be substituted;</td></tr><tr><td>(<i>B</i>)</td><td></td><td>in clause (<i>iii</i>)<i>, </i>after the words \"listed equity shares\", the words \"or listed units of equity oriented fund\" shall be inserted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>d</i>)</td><td></td><td>after sub-section (4)<i>, </i>the following <i>Explanation </i>shall be inserted, namely:—</td></tr><tr><td></td><td></td><td><i>'Explanation.</i>—For the purposes of this section, \"equity oriented fund\" shall have the meaning assigned to it in the <i>Explanation </i>to clause (<i>38</i>) of section 10.'.</td></tr></table></div><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":217,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2013/section/13/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}