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Section49
The Finance Act, 2000

Amendment of section 112

In force As on 07 Oct 2026

Ministry Finance Cited by 1 provision

Section 49 of the Finance Act, 2000 deals with amendment of section 112. 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;

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.’.

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Section 49, The Finance Act, 2000.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 112 Tax on long-term capital gains

Referred to by 1

  1. s. 23 Amendment of section 49

Questions about Section 49

What does Section 49 of the Finance Act deal with?

Section 49 of the Finance Act is headed "Amendment of section 112". 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;

How do I find court cases under Section 49 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 49, section 49 Finance Act 2000, section 49 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 49 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 112 (Tax on long-term capital gains), 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 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

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.