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Section9
The Finance Act, 2013

Amendment of section 43

In force As on 11 Oct 2026

Ministry Finance Cited by 2 provisions

Section 9 of the Finance Act, 2013 deals with amendment of section 43. Amendment of section 43. 9. In section 43 of the Income-tax Act, in clause (5), with effect from the 1st day of April, 2014,— (I) | in the proviso,— (A) | in clause (d), after the words "a recognised stock exchange;", the word "or" shall be inserted;

Amendment of section 43.

9. In section 43 of the Income-tax Act, in clause (5), with effect from the 1st day of April, 2014,—

(I)in the proviso,—
(A)in clause (d), after the words "a recognised stock exchange;", the word "or" shall be inserted;
(B)after clause (d), the following clause shall be inserted, namely:—
"(e) an eligible transaction in respect of trading in commodity derivatives carried out in a recognised association,";
(II)the Explanation shall be numbered as "Explanation 1" thereof and in the Explanation 1 as so renumbered, for the words "this clause", the word, brackets and letter "clause (d)" shall be substituted;
(III)after Explanation 1 as so renumbered, the following Explanation shall be inserted, namely:
'Explanation 2.— For the purposes of clause (e), the expressions—
(i)"commodity derivative" shall have the meaning as assigned to it in Chapter VII of the Finance Act, 2013;
(ii)"eligible transaction" means any transaction,—
(A)carried out electronically on screen-based systems through member or an intermediary, registered under the bye-laws, rules and regulations of the recognised association for trading in commodity derivative in accordance with the provisions of the Forward Contracts (Regulation) Act, 1952 (74 of 1952) and the rules, regulations or bye-laws made or directions issued under that Act on a recognised association; and
(B)which is supported by a time stamped contract note issued by such member or intermediary to every client indicating in the contract note, the unique client identity number allotted under the Act, rules, regulations or bye-laws referred to in sub-clause (A), unique trade number and permanent account number allotted under this Act;
(iii)"recognised association" means a recognised association as referred to in clause (j) of section 2 of the Forward Contracts (Regulation) Act, 1952 (74 of 1952) and which fulfils such conditions as may be prescribed and is notified by the Central Government for this purpose.

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Section 9, The Finance Act, 2013.

Cross-references

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

This section refers to

  1. s. 43 Amendment of section 153D
  2. Income-tax Act s. 43 Definitions of certain terms relevant to income from profits and gains of business or profession

Referred to by 2

  1. s. 88 Amendment of section 9
  2. s. 89 Amendment of section 9A

Questions about Section 9

What does Section 9 of the Finance Act deal with?

Section 9 of the Finance Act is headed "Amendment of section 43". Amendment of section 43. 9. In section 43 of the Income-tax Act, in clause (5), with effect from the 1st day of April, 2014,— (I) | in the proviso,— (A) | in clause (d), after the words "a recognised stock exchange;", the word "or" shall be inserted;

How do I find court cases under Section 9 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 2013 9, section 9 Finance Act 2013, section 9 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 9 of the Finance Act, and has it changed?

Its own text turns on section 43 (Amendment of section 153D), 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. 2 other provisions in this corpus refer back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2013. 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.