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Section14
The Finance Act, 2008

Amendment of section 47

In force As on 07 Oct 2026

Ministry Finance

Section 14 of the Finance Act, 2008 deals with amendment of section 47. Amendment of section 47. 14. In section 47 of the Income-tax Act,— (a ) after clause (x), the following clause shall be inserted, namely:— "(xa) any transfer by way of conversion of bonds referred to in clause (a) of sub-section (1) of section 115AC into shares or debentures of any company;";

Amendment of section 47.

14. In section 47 of the Income-tax Act,—

(a ) after clause (x), the following clause shall be inserted, namely:—

"(xa) any transfer by way of conversion of bonds referred to in clause (a) of sub-section (1) of section 115AC into shares or debentures of any company;";

(b ) after clause (xv), the following clause shall be inserted, namely:—

"(xvi) any transfer of a capital asset in a transaction of reverse mortgage under a scheme made and notified by the Central Government.".

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Section 14, The Finance Act, 2008.

Cross-references

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

This section refers to

  1. s. 47 Amendment of section 203
  2. Income-tax Act s. 47 Transactions not regarded as transfer

Questions about Section 14

What does Section 14 of the Finance Act deal with?

Section 14 of the Finance Act is headed "Amendment of section 47". Amendment of section 47. 14. In section 47 of the Income-tax Act,— (a ) after clause (x), the following clause shall be inserted, namely:— "(xa) any transfer by way of conversion of bonds referred to in clause (a) of sub-section (1) of section 115AC into shares or debentures of any company;";

How do I find court cases under Section 14 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 2008 14, section 14 Finance Act 2008, section 14 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 14 of the Finance Act, and has it changed?

Its own text turns on section 47 (Amendment of section 203), 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 2008. 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.