Amendment of section 49
Section 15 of the Finance Act, 2008 deals with amendment of section 49. Amendment of section 49. 15. In section 49 of the Income-tax Act, for sub-section (2A), the following sub-section shall be substituted, namely:— "(2A) Where the capital asset, being a share or debenture of a company, became the property of the assessee in consideration of a transfer referred to in c
Amendment of section 49.
15. In section 49 of the Income-tax Act, for sub-section (2A), the following sub-section shall be substituted, namely:—
"(2A) Where the capital asset, being a share or debenture of a company, became the property of the assessee in consideration of a transfer referred to in clause (x) or clause (xa) of section 47, the cost of acquisition of the asset to the assessee shall be deemed to be that part of the cost of debenture, debenture-stock, bond or deposit certificate in relation to which such asset is acquired by the assessee.".
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Section 15, The Finance Act, 2008.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 15
What does Section 15 of the Finance Act deal with?
Section 15 of the Finance Act is headed "Amendment of section 49". Amendment of section 49. 15. In section 49 of the Income-tax Act, for sub-section (2A), the following sub-section shall be substituted, namely:— "(2A) Where the capital asset, being a share or debenture of a company, became the property of the assessee in consideration of a transfer referred to in c
How do I find court cases under Section 15 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 15, section 15 Finance Act 2008, section 15 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 15 of the Finance Act, and has it changed?
Its own text turns on section 47 (Amendment of section 203), section 49 (Amendment of section 251), Income-tax Act 49 (Cost with reference to certain modes of acquisition), 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
- 102120000000010097. THE FIRST SCHEDULE7659 words
- 2. Income-tax3309 words
- 32. Amendment of section 143692 words
- 28. Amendment of section 115WE591 words
- 18. Amendment of section 80-IB496 words
- 17. Substitution of new section for section 80D448 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.