Amendment of section 115AC
Section 58 of the Finance Act, 1999 deals with amendment of section 115AC. Amendment of section 115AC. 58. In section 115AC of the Income-tax Act, after sub-section (4), the following sub-section shall be inserted with effect from the 1st day of April, 2000, namely :— "(5) Where the assessee acquired shares or bonds in an amalgamated or resulting company by virtue of his
Amendment of section 115AC.
58. In section 115AC of the Income-tax Act, after sub-section (4), the following sub-section shall be inserted with effect from the 1st day of April, 2000, namely :—
"(5) Where the assessee acquired shares or bonds in an amalgamated or resulting company by virtue of his holding shares or bonds in the amalgamating or demerged company, as the case may be, in accordance with the provisions of sub-section (1), the provisions of the said sub-section shall apply to such shares or bonds.".
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Section 58, The Finance Act, 1999.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 58
What does Section 58 of the Finance Act deal with?
Section 58 of the Finance Act is headed "Amendment of section 115AC". Amendment of section 115AC. 58. In section 115AC of the Income-tax Act, after sub-section (4), the following sub-section shall be inserted with effect from the 1st day of April, 2000, namely :— "(5) Where the assessee acquired shares or bonds in an amalgamated or resulting company by virtue of his
How do I find court cases under Section 58 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 1999 58, section 58 Finance Act 1999, section 58 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 58 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 115AC (Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was the Finance Act enacted?
Finance Act was enacted in 1999. 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
- 50. Substitution of new section for section 80-IA5311 words
- First Schedule. First Schedule5092 words
- 2. Income-tax1942 words
- 6. Amendment of section 101681 words
- 3. Amendment of section 21112 words
- 38. Substitution of new section for section 72A903 words
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