# The Finance Act, 1995, Section 3: Amendment of section 2

- Act: The Finance Act, 1995 (Act 22 of 1995)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1995/section/3/

## Text

CHAPTER III DIRECT TAXES Income-tax Amendment of section 2. 3. In section 2 of the Income-tax Act, in clause (42A), in Explanation 1, in clause (i), after sub-clause (e), the following sub-clause shall be inserted, with effect from the 1st day of April, 1996, namely:— "(f) in the case of a capital asset, being a financial asset, allotted without any payment and on the basis of holding of any other, financial asset, the period shall be reckoned from the date of the allotment of such financial asset;". [Finance Act, 1995] © Copyright. Taxmann Publications Pvt. Ltd.

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