Amendment of section 47
Section 17 of the Finance Act, 1988 deals with amendment of section 47. Amendment of section 47 17. In section 47 of the Income-tax Act, after clause (v), the following proviso shall be inserted, namely: — "Provided that nothing contained in clause (iv) or clause (v) shall apply to the transfer of a capital asset made after the 29th day of February, 1988, as stock-in-tr
Amendment of section 47
17. In section 47 of the Income-tax Act, after clause (v), the following proviso shall be inserted, namely: —
"Provided that nothing contained in clause (iv) or clause (v) shall apply to the transfer of a capital asset made after the 29th day of February, 1988, as stock-in-trade.".
[Finance Act, 1988]
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Section 17, The Finance Act, 1988 (Act 26 of 1988).
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Questions about Section 17
What does Section 17 of the Finance Act deal with?
Section 17 of the Finance Act is headed "Amendment of section 47". Amendment of section 47 17. In section 47 of the Income-tax Act, after clause (v), the following proviso shall be inserted, namely: — "Provided that nothing contained in clause (iv) or clause (v) shall apply to the transfer of a capital asset made after the 29th day of February, 1988, as stock-in-tr
How do I find court cases under Section 17 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1988 17, section 17 Finance Act 1988, section 17 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 17 of the Finance Act, and has it changed?
Its own text turns on section 47 (Amendment of section 279), Income-tax Act 47 (Transactions not regarded as transfer), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1988 as Act 26 of 1988. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule7045 words
- 2. Income-tax2162 words
- 4. Amendment of section 101079 words
- 6. Insertion of new section 10B1066 words
- 24. Amendment of section 80HHC788 words
- 40. Insertion of new section 206C687 words
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