# The Finance Act, 2000, Section 49: Amendment of section 112

- Act: The Finance Act, 2000
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2000/section/49/

## Text

Amendment of section 112. 49. In section 112 of the Income-tax Act, in sub-section (1),— (a) in the proviso, for the words "being listed securities", the words "being listed securities or unit" shall be substituted; (b) for the Explanation, the following Explanation shall be substituted, namely:— ‘Explanation .—For the purposes of this sub-section,— (a) "listed securities" means the securities— (i) as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (32 of 1956); and (ii) listed in any recognised stock exchange in India; (b) "unit" shall have the meaning assigned to it in clause (b) of Explanation to section 115AB.’. © Copyright. Taxmann Publications Pvt. Ltd.

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