{"act":{"id":"finance-act-2024-no-2","short_title":"The Finance Act, 2024 (No. 2)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2024-2025.","act_number":null,"act_year":2024,"enact_date":"2024-08-16","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":174,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-2/"},"unit":"section","section":{"number":"162","heading":"Amendment of Act 23 of 2004","text":"PART V AMENDMENT TO THE FINANCE (NO. 2) ACT, 2004 Amendment of Act 23 of 2004. 162. In the Finance (No. 2) Act, 2004, in Chapter VII, in section 98, in the Table, in serial number 4, in column (3), with effect from the 1st day of October, 2024,— (i) | against entry (a) relating to sale of an option in securities, for the figures and word \"0.0625 per cent\", the figures and word \"0.1 per cent\" shall be substituted; and (ii) | against entry (c) relating to sale of a futures in securities, for the figures and word \"0.0125 per cent\", the figures and word \"0.02 per cent\" shall be substituted.","html":"<p>PART V</p><p>AMENDMENT TO THE FINANCE (NO. 2) ACT, 2004</p><p><b>Amendment of Act 23 of 2004.</b></p><p><b>162.</b> In the Finance (No. 2) Act, 2004, in Chapter VII, in section 98, in the Table, in serial number 4, in column (3), with effect from the 1st day of October, 2024,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>against entry (<i>a</i>) relating to sale of an option in securities, for the figures and word \"0.0625 per cent\", the figures and word \"0.1 per cent\" shall be substituted; and</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>against entry (<i>c</i>) relating to sale of a futures in securities, for the figures and word \"0.0125 per cent\", the figures and word \"0.02 per cent\" shall be substituted.</td></tr></table></div>","words":112,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/162/","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."}