# The Finance Act, 2000, Section 11: Amendment of section 17

- Act: The Finance Act, 2000
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2000/section/11/

## Text

Amendment of section 17. 11. In section 17 of the Income-tax Act, in clause (2), with effect from the 1st day of April, 2001,— (a) in sub-clause (iii) but before the Explanation, the following proviso shall be inserted, namely :— "Provided that nothing contained in this sub-clause shall apply to the value of any benefit provided by a company free of cost or at a concessional rate to its employees by way of allotment of shares, debentures or warrants directly or indirectly under the Employees’ Stock Option Plan or Scheme of the said company."; (b) sub-clause (iiia) shall be omitted. © Copyright. Taxmann Publications Pvt. Ltd.

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