{"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":"132A","heading":"Chapter VII not to apply in certain cases","text":"Chapter VII not to apply in certain cases [Chapter VII not to apply in certain cases 132A. Notwithstanding anything contained in this Chapter, the provisions of this Chapter shall not apply to taxable commodities transactions entered into by any person on a [recognised stock exchange] located in an International Financial Services Centre, where the consideration for such transaction is paid or payable in foreign currency. Explanation.—For the purposes of this section, \"International Financial Services Centre\" shall have the same meaning as assigned to it in clause (q) of section 2 of the Special Economic Zones, Act, 2005 © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p>Chapter VII not to apply in certain cases <b></b></p><p><sup></sup><b>[Chapter VII not to apply in certain cases</b></p><p><b>132A.</b><i> Notwithstanding anything contained in this Chapter, the provisions of this Chapter shall not apply to taxable commodities transactions entered into by any person on a </i><sup></sup><b>[</b><i>recognised stock exchange</i>]<i> located in an International Financial Services Centre, where the consideration for such transaction is paid or payable in foreign currency.</i></p><p>Explanation.—<i>For the purposes of this section, \"International Financial Services Centre\" shall have the same meaning as assigned to it in clause (q) of section 2 of the Special Economic Zones, Act, 2005</i></p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":103,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2013/section/132A/","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."}