{"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":"9","heading":"Amendment of section 13","text":"Amendment of section 13. 9. In section 13 of the Income-tax Act, in sub-section (1), in clause (d), in the proviso, after clause (iii), the following clause shall be inserted with effect from the 1st day of October, 2024, namely:— \"(iv) any asset referred to in sub-clauses (i), (ia) and (ii) of clause (b) of the third proviso to clause (23C) of section 10 or any accretion to the shares, forming part of the corpus mentioned in the said sub-clauses (i) and (ia) and voluntary contributions referred to in sub-clause (iv) of clause (b) of the said proviso.\".","html":"<p><b>Amendment of section 13.</b></p><p><b>9.</b> In section 13 of the Income-tax Act, in sub-section (1), in clause (<i>d</i>), in the proviso, after clause (<i>iii</i>), the following clause shall be inserted with effect from the 1st day of October, 2024, namely:—</p><p>\"(<i>iv</i>) any asset referred to in sub-clauses (<i>i</i>), (<i>ia</i>) and (<i>ii</i>) of clause (<i>b</i>) of the third proviso to clause (<i>23C</i>) of section 10 or any accretion to the shares, forming part of the corpus mentioned in the said sub-clauses (<i>i</i>) and (<i>ia</i>) and voluntary contributions referred to in sub-clause (<i>iv</i>) of clause (<i>b</i>) of the said proviso.\".</p>","words":98,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/9/","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."}