Amendment of section 47A
Section 19 of the Finance Act, 2010 deals with amendment of section 47A. Amendment of section 47A. 19. In section 47A of the Income-tax Act, after sub-section (3), the following sub-section shall be inserted with effect from the 1st day of April, 2011, namely:— "(4) Where any of the conditions laid down in the proviso to clause (xiiib) of section 47 are not complied with
Amendment of section 47A.
19. In section 47A of the Income-tax Act, after sub-section (3), the following sub-section shall be inserted with effect from the 1st day of April, 2011, namely:—
"(4) Where any of the conditions laid down in the proviso to clause (xiiib) of section 47 are not complied with, the amount of profits or gains arising from the transfer of such capital asset or intangible asset or share or shares not charged under section 45 by virtue of conditions laid down in the said proviso shall be deemed to be the profits and gains chargeable to tax of the successor limited liability partnership or the shareholder of the predecessor company, as the case may be, for the previous year in which the requirements of the said proviso are not complied with.".
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Section 19, 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 19
What does Section 19 of the Finance Act deal with?
Section 19 of the Finance Act is headed "Amendment of section 47A". Amendment of section 47A. 19. In section 47A of the Income-tax Act, after sub-section (3), the following sub-section shall be inserted with effect from the 1st day of April, 2011, namely:— "(4) Where any of the conditions laid down in the proviso to clause (xiiib) of section 47 are not complied with
How do I find court cases under Section 19 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 19, section 19 Finance Act 2010, section 19 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 19 of the Finance Act, and has it changed?
Its own text turns on section 45 (Amendment of section 245A), section 47 (Amendment of section 245D), Income-tax Act 47A (Withdrawal of exemption in certain cases), 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.
Other sections of this Act
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- 2. Income-tax2647 words
- 10. Amendment of section 35AD480 words
- 22. Amendment of section 72A450 words
- 21. Amendment of section 56411 words
- 18. Amendment of section 47379 words
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