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Section117
The Finance Act, 2014

Amendment of Finance (No. 2) Act, 2004

In force Act 25 of 2014 As on 06 Oct 2026

Act 25 of 2014 Ministry Finance Cited by 1 provision

Section 117 of the Finance Act, 2014 deals with amendment of Finance (No. 2) Act, 2004. CHAPTER VI MISCELLANEOUS Amendment of Finance (No.

CHAPTER VI

MISCELLANEOUS

Amendment of Finance (No.

2) Act, 2004.

117. In the Finance (No.

2) Act, 2004 (23 of 2004), in Chapter VII, with effect from the 1st day of October, 2014,—

(A)in section 97,—
(i)after clause (3), the following clause shall be inserted, namely:—
'(3A)"business trust" shall have the meaning assigned to it in clause (13A) of section 2 of the Income-tax Act, 1961 (43 of 1961);';
(ii)in clause (13), in sub-clause (a), after the words "unit of an equity oriented fund", the words "or a unit of a business trust" shall be inserted;
(B)in section 98, in the Table, in column (2),—
(I)in the entry at Sl. No. 1,—
(i)after the words "equity share in a company", the words "or a unit of a business trust" shall be inserted;
(ii)in clause (b), after the word "share" at both the places where they occur, the words "or unit" shall be inserted;
(II)in the entry at Sl. No. 2,—
(i)after the words "equity share in a company", the words "or a unit of a business trust" shall be inserted;
(ii)in clause (b), after the word "share" at both the places where they occur, the words "or unit" shall be inserted;
(III)in the entry at Sl. No. 3, after the words "unit of an equity oriented fund", the words "or a unit of a business trust" shall be inserted.

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Section 117, The Finance Act, 2014 (Act 25 of 2014).

Cross-references

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

This section refers to

  1. s. 97 Insertion of new sections 15A and 15B
  2. s. 98 Amendment of section 31
  3. Income-tax Act s. 2 Definitions

Referred to by 1

  1. s. 3 Amendment of section 2

Questions about Section 117

What does Section 117 of the Finance Act deal with?

Section 117 of the Finance Act is headed "Amendment of Finance (No. 2) Act, 2004". CHAPTER VI MISCELLANEOUS Amendment of Finance (No.

How do I find court cases under Section 117 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 2014 117, section 117 Finance Act 2014, section 117 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 117 of the Finance Act, and has it changed?

Its own text turns on section 97 (Insertion of new sections 15A and 15B), section 98 (Amendment of section 31), Income-tax Act 2 (Definitions), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2014 as Act 25 of 2014. 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.