{"act":{"id":"finance-act-2015","short_title":"The Finance Act, 2015","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2015-2016.","act_number":"20","act_year":2015,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":165,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2015/"},"unit":"section","section":{"number":"29","heading":"Amendment of section 115ACA","text":"Amendment of section 115ACA. 29. In section 115ACA of the Income-tax Act, after sub-section (3), in the Explanation, in clause (a), with effect from the 1st day of April, 2016, for the words \"issued to non-resident investors against the issue of ordinary shares or foreign currency convertible bonds of issuing company\" occurring at the end, the following shall be substituted, namely:— \"issued to investors against the issue of,— (i) | ordinary shares of issuing company, being a company listed on a recognised stock exchange in India; or (ii) | foreign currency convertible bonds of issuing company;\".","html":"<p><b>Amendment of section 115ACA.</b></p><p><b>29.</b> In section 115ACA of the Income-tax Act, after sub-section (3), in the <i>Explanation,</i> in clause (<i>a</i>), with effect from the 1st day of April, 2016, for the words \"issued to non-resident investors against the issue of ordinary shares or foreign currency convertible bonds of issuing company\" occurring at the end, the following shall be substituted, namely:—</p><p>\"issued to investors against the issue of,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>ordinary shares of issuing company, being a company listed on a recognised stock exchange in India; or</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>foreign currency convertible bonds of issuing company;\".</td></tr></table></div>","words":96,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2015/section/29/","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."}