{"act":{"id":"finance-act-2019-no-2","short_title":"The Finance Act, 2019 (No. 2)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2019-2020.","act_number":null,"act_year":2019,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":217,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/"},"unit":"section","section":{"number":"203","heading":"Amendment of Act 23 of 2004","text":"PART XIV AMENDMENT TO THE FINANCE (NO. 2) ACT, 2004 Amendment of Act 23 of 2004 203. In section 99 of the Finance (No. 2) Act, 2004, with effect from the 1st day of September, 2019,— (I) | in clause (a), in sub-clause (ii), for the words \"settlement price\", the words \"intrinsic value\" shall be substituted; (II) | after the proviso, the following Explanation shall be inserted, namely:— 'Explanation.—For the purposes of this section, the expression \"intrinsic value\" means the difference between the settlement price and the strike price.'.","html":"<p><i><b>PART XIV</b></i></p><p><b>AMENDMENT TO THE FINANCE (NO. 2) ACT, 2004</b></p><p><b><b>Amendment of Act 23 of 2004</b></b></p><p><b><b>203</b>.</b> In section 99 of the Finance (No. 2) Act, 2004, with effect from the 1st day of September, 2019,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>I</i>)</td><td></td><td>in clause (<i>a</i>), in sub-clause (<i>ii</i>), for the words \"settlement price\", the words \"intrinsic value\" shall be substituted;</td></tr><tr><td>(<i>II</i>)</td><td></td><td>after the proviso, 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, the expression \"intrinsic value\" means the difference between the settlement price and the strike price.'.</td></tr></table></div>","words":89,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/203/","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."}