{"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":"49","heading":"Amendment of section 139","text":"Amendment of section 139. 49. In section 139 of the Income-tax Act, with effect from the 1st day of April, 2015,— (a) | in sub-section (4C),— (i) | after clause (e), the following clauses shall be inserted, namely:— \"(ea) | Mutual Fund referred to in clause (23D) of section 10; (eb) | securitisation trust referred to in clause (23DA) of section 10; (ec) | venture capital company or venture capital fund referred to in clause (23FB) of section 10;\"; (ii) | after the words \"or infrastructure debt fund\", the words \"or Mutual Fund or securitisation trust or venture capital company or venture capital fund\" shall be inserted; (b) | after sub-section (4D), the following sub-section shall be inserted, namely:— \"(4E) Every business trust, which is not required to furnish return of income or loss under any other provisions of this section, shall furnish the return of its income in respect of its income or loss in every previous year and all the provisions of this Act shall, so far as may be, apply if it were a return required to be furnished under sub-section (1).\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 139.</b></p><p><b>49.</b> In section 139 of the Income-tax Act, with effect from the 1st day of April, 2015,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (4C)<i>,</i>—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>after clause (<i>e</i>), the following clauses shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>ea</i>)</td><td></td><td>Mutual Fund referred to in clause (<i>23D</i>) of section 10;</td></tr><tr><td>(<i>eb</i>)</td><td></td><td>securitisation trust referred to in clause (<i>23DA</i>) of section 10;</td></tr><tr><td>(<i>ec</i>)</td><td></td><td>venture capital company or venture capital fund referred to in clause (<i>23FB</i>) of section 10;\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>ii</i>)</td><td></td><td>after the words \"or infrastructure debt fund\", the words \"or Mutual Fund or securitisation trust or venture capital company or venture capital fund\" shall be inserted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>b</i>)</td><td></td><td>after sub-section (4D)<i>, </i>the following sub-section shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(4E) Every business trust, which is not required to furnish return of income or loss under any other provisions of this section, shall furnish the return of its income in respect of its income or loss in every previous year and all the provisions of this Act shall, so far as may be, apply if it were a return required to be furnished under sub-section (1)<i>.\".</i></td></tr></table></div><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":191,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2014/section/49/","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."}