Amendment of section 54ED
Section 18 of the Finance Act, 2005 deals with amendment of section 54ED. Amendment of section 54ED. 18. In section 54ED of the Income-tax Act, for sub-section (3), the following sub-section shall be substituted with effect from the 1st day of April, 2006, namely:— "(3) Where the cost of the specified equity shares has been taken into account for the purposes of clause (a The Act was enacted on 13 May 2005.
Amendment of section 54ED.
18. In section 54ED of the Income-tax Act, for sub-section (3), the following sub-section shall be substituted with effect from the 1st day of April, 2006, namely:—
"(3) Where the cost of the specified equity shares has been taken into account for the purposes of clause (a) or clause (b) of sub-section (1),—
(a ) a deduction from the amount of income-tax with reference to such cost shall not be allowed under section 88 for any assessment year ending before the 1st day of April, 2006;
(b ) a deduction from the income with reference to such cost shall not be allowed under section 80C for any assessment year beginning on or after the 1st day of April, 2006.".
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Section 18, The Finance Act, 2005 (Act 18 of 2005).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 18
What does Section 18 of the Finance Act deal with?
Section 18 of the Finance Act is headed "Amendment of section 54ED". Amendment of section 54ED. 18. In section 54ED of the Income-tax Act, for sub-section (3), the following sub-section shall be substituted with effect from the 1st day of April, 2006, namely:— "(3) Where the cost of the specified equity shares has been taken into account for the purposes of clause (a
How do I find court cases under Section 18 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 2005 18, section 18 Finance Act 2005, section 18 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 18 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 54ED (Capital gain on transfer of certain listed securities or unit not to be charged in certain cases), so none of them can safely be read on its own.
When was Section 18 of the Finance Act enacted?
Section 18 of the Finance Act, cited as Finance Act 2005 18, was enacted on 13 May 2005 as Act 18 of 2005. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule6312 words
- 37. Insertion of new Chapter XII-H3647 words
- 21. Insertion of new section 80C2707 words
- 2. Income-tax2474 words
- 47. Amendment of section 153C350 words
- 19. Insertion of new section 72AA337 words
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