Amendment of section 49
Section 30 of the Finance Act, 2001 deals with amendment of section 49. Amendment of section 49. 30. In section 49 of the Income-tax Act, after sub-section (2A), the following sub-section shall be inserted, namely:— "(2AA) Where the capital gain arises from the transfer of the shares, debentures or warrants, the value of which has been taken into account while computing
Amendment of section 49.
30. In section 49 of the Income-tax Act, after sub-section (2A), the following sub-section shall be inserted, namely:—
"(2AA) Where the capital gain arises from the transfer of the shares, debentures or warrants, the value of which has been taken into account while computing the value of perquisite under clause (2) of section 17, the cost of acquisition of such shares, debentures or warrants shall be the value under that clause.".
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Section 30, The Finance Act, 2001.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 30
What does Section 30 of the Finance Act deal with?
Section 30 of the Finance Act is headed "Amendment of section 49". Amendment of section 49. 30. In section 49 of the Income-tax Act, after sub-section (2A), the following sub-section shall be inserted, namely:— "(2AA) Where the capital gain arises from the transfer of the shares, debentures or warrants, the value of which has been taken into account while computing
How do I find court cases under Section 30 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 2001 30, section 30 Finance Act 2001, section 30 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 30 of the Finance Act, and has it changed?
Its own text turns on section 17 (Amendment of section 25A), section 49 (Substitution of new sections for section 92), Income-tax Act 49 (Cost with reference to certain modes of acquisition), 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 2001. 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 Schedule5812 words
- 49. Substitution of new sections for section 922093 words
- 2. Income-tax1972 words
- 5. Amendment of section 101262 words
- 44. Amendment of section 80-IA857 words
- 52. Substitution of new section for section 115AC851 words
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.