Amendment of section 43
Section 13 of the Finance Act, 2010 deals with amendment of section 43. Amendment of section 43. 13. In section 43 of the Income-tax Act, with effect from the 1st day of April, 2011,— (a ) in clause (1), in Explanation 13, in clause (b), in sub-clause (iii), for the brackets, figures and word "(xiii) and (xiv)", the brackets, figures, letter and word "(xiii), ( xiiib) a
Amendment of section 43.
13. In section 43 of the Income-tax Act, with effect from the 1st day of April, 2011,—
(a ) in clause (1), in Explanation 13, in clause (b), in sub-clause (iii), for the brackets, figures and word "(xiii) and (xiv)", the brackets, figures, letter and word "(xiii), ( xiiib) and (xiv)" shall be substituted;
(b ) in clause (6), after Explanation 2B, the following Explanation shall be inserted, namely:—
" Explanation 2C.—Where in any previous year, any block of assets is transferred by a private company or unlisted public company to a limited liability partnership and the conditions specified in the proviso to clause (xiiib) of section 47 are satisfied, then, notwithstanding anything contained in clause (1), the actual cost of the block of assets in the case of the limited liability partnership shall be the written down value of the block of assets as in the case of the said company on the date of conversion of the company into the limited liability partnership.".
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Section 13, The Finance Act, 2010.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 13
What does Section 13 of the Finance Act deal with?
Section 13 of the Finance Act is headed "Amendment of section 43". Amendment of section 43. 13. In section 43 of the Income-tax Act, with effect from the 1st day of April, 2011,— (a ) in clause (1), in Explanation 13, in clause (b), in sub-clause (iii), for the brackets, figures and word "(xiii) and (xiv)", the brackets, figures, letter and word "(xiii), ( xiiib) a
How do I find court cases under Section 13 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 2010 13, section 13 Finance Act 2010, section 13 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 13 of the Finance Act, and has it changed?
Its own text turns on section 43 (Amendment of section 203), section 47 (Amendment of section 245D), Income-tax Act 43 (Definitions of certain terms relevant to income from profits and gains of business or profession), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2010. India Code records no commencement date for it. It is in force as at the date shown on this page.
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