{"act":{"id":"finance-act-2014","short_title":"The Finance Act, 2014","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2014-2015.","act_number":"25","act_year":2014,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":129,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2014/"},"unit":"section","section":{"number":"117","heading":"Amendment of Finance (No. 2) Act, 2004","text":"CHAPTER VI MISCELLANEOUS Amendment of Finance (No. 2) Act, 2004. 117. In the Finance (No. 2) Act, 2004 (23 of 2004), in Chapter VII, with effect from the 1st day of October, 2014,— (A) | in section 97,— (i) | after clause (3), the following clause shall be inserted, namely:— '(3A) | \"business trust\" shall have the meaning assigned to it in clause (13A) of section 2 of the Income-tax Act, 1961 (43 of 1961);'; (ii) | in clause (13), in sub-clause (a), after the words \"unit of an equity oriented fund\", the words \"or a unit of a business trust\" shall be inserted; (B) | in section 98, in the Table, in column (2),— (I) | in the entry at Sl. No. 1,— (i) | after the words \"equity share in a company\", the words \"or a unit of a business trust\" shall be inserted; (ii) | in clause (b), after the word \"share\" at both the places where they occur, the words \"or unit\" shall be inserted; (II) | in the entry at Sl. No. 2,— (i) | after the words \"equity share in a company\", the words \"or a unit of a business trust\" shall be inserted; (ii) | in clause (b), after the word \"share\" at both the places where they occur, the words \"or unit\" shall be inserted; (III) | in the entry at Sl. No. 3, after the words \"unit of an equity oriented fund\", the words \"or a unit of a business trust\" shall be inserted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><i> <b>CHAPTER VI</b> </i></p><p><b>MISCELLANEOUS</b></p><p><b> Amendment of Finance (No. 2) Act, 2004.</b></p><p><b> 117. </b>In the Finance (No. 2) Act, 2004 (23 of 2004), in Chapter VII, with effect from the 1st day of October, 2014,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>in section 97,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>after clause (<i>3</i>), the following clause shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>'(<i>3A</i>)</td><td></td><td>\"business trust\" shall have the meaning assigned to it in clause (<i>13A</i>) of section 2 of the Income-tax Act, 1961 (43 of 1961);';</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>ii</i>)</td><td></td><td>in clause (<i>13</i>), in sub-clause (<i>a</i>), after the words \"unit of an equity oriented fund\", the words \"or a unit of a business trust\" shall be inserted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>B</i>)</td><td></td><td>in section 98, in the Table, in column (<i>2</i>),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>I</i>)</td><td></td><td>in the entry at Sl. No. 1,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>after the words \"equity share in a company\", the words \"or a unit of a business trust\" shall be inserted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in clause (<i>b</i>), after the word \"share\" at both the places where they occur, the words \"or unit\" shall be inserted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>II</i>)</td><td></td><td>in the entry at Sl. No. 2,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>after the words \"equity share in a company\", the words \"or a unit of a business trust\" shall be inserted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in clause (<i>b</i>), after the word \"share\" at both the places where they occur, the words \"or unit\" shall be inserted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>III</i>)</td><td></td><td>in the entry at Sl. No. 3, after the words \"unit of an equity oriented fund\", the words \"or a unit of a business trust\" shall be inserted.</td></tr></table></div><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":259,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2014/section/117/","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."}