Amendment of section 47
Section 21 of the Finance Act, 2000 deals with amendment of section 47. Amendment of section 47. 21. In section 47 of the Income-tax Act,— (a) after clause (iii), the following proviso shall be inserted with effect from the 1st day of April, 2001, namely:— "Provided that this clause shall not apply to transfer under a gift or an irrevocable trust of a capital asset bein
Amendment of section 47.
21. In section 47 of the Income-tax Act,—
(a) after clause (iii), the following proviso shall be inserted with effect from the 1st day of April, 2001, namely:—
"Provided that this clause shall not apply to transfer under a gift or an irrevocable trust of a capital asset being shares, debentures or warrants allotted by a company directly or indirectly to its employees under the Employees’ Stock Option Plan or Scheme.";
(b) in clause (vic), in sub-clause (a), for the words "at least seventy-five per cent of the shareholders", the words "the shareholders holding not less than three-fourths in value of the shares" shall be substituted.
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Section 21, The Finance Act, 2000.
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Questions about Section 21
What does Section 21 of the Finance Act deal with?
Section 21 of the Finance Act is headed "Amendment of section 47". Amendment of section 47. 21. In section 47 of the Income-tax Act,— (a) after clause (iii), the following proviso shall be inserted with effect from the 1st day of April, 2001, namely:— "Provided that this clause shall not apply to transfer under a gift or an irrevocable trust of a capital asset bein
How do I find court cases under Section 21 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 2000 21, section 21 Finance Act 2000, section 21 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 21 of the Finance Act, and has it changed?
Its own text turns on section 47 (Amendment of section 88B), 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 2000. 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 Schedule5680 words
- 2. Income-tax2342 words
- 6. Substitution of new section for section 10A1803 words
- 7. Substitution of new section for section 10B1573 words
- 52. Insertion of new section 115JB1090 words
- 5. Amendment of section 10957 words
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