Amendment of section 196C
Section 27 of the Finance Act, 1993 deals with amendment of section 196C. Amendment of section 196C. 27. In section 196C of the Income-tax Act, in the opening portion, for the words, figures and letters "Where any income by way of interest or dividend is payable in respect of bonds or shares referred to in section 115AC to a non-resident", the following shall be substitut
Amendment of section 196C.
27. In section 196C of the Income-tax Act, in the opening portion, for the words, figures and letters "Where any income by way of interest or dividend is payable in respect of bonds or shares referred to in section 115AC to a non-resident", the following shall be substituted with effect from the 1st day of June, 1993, namely: —
"Where any income by way of interest or dividends in respect of bonds or shares referred to in section 115AC or by way of long-term capital gains arising from the transfer of such bonds or shares is payable to a non-resident".
[Finance Act, 1993]
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Section 27, The Finance Act, 1993 (Act 38 of 1993).
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Questions about Section 27
What does Section 27 of the Finance Act deal with?
Section 27 of the Finance Act is headed "Amendment of section 196C". Amendment of section 196C. 27. In section 196C of the Income-tax Act, in the opening portion, for the words, figures and letters "Where any income by way of interest or dividend is payable in respect of bonds or shares referred to in section 115AC to a non-resident", the following shall be substitut
How do I find court cases under Section 27 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 1993 27, section 27 Finance Act 1993, section 27 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 27 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 196C (Income from foreign currency bonds or shares of Indian company), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1993 as Act 38 of 1993. 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 Schedule5968 words
- 2. Income-tax2352 words
- 42. Amendment of Schedule II2037 words
- 31. Insertion of new Chapter XIX-B1169 words
- 3. Amendment of section 10825 words
- 22. Amendment of section 115K470 words
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