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The Finance Act, 2014

Amendment of section 56

In force Act 25 of 2014 As on 09 Oct 2026

Act 25 of 2014 Ministry Finance Cited by 2 provisions

Section 25 of the Finance Act, 2014 deals with amendment of section 56. Amendment of section 56. 25. In section 56 of the Income-tax Act, in sub-section (2), after clause (viii), the following clause shall be inserted with effect from the 1st day of April, 2015, namely:— "(ix) | any sum of money received as an advance or otherwise in the course of negotiations for trans

Amendment of section 56.

25. In section 56 of the Income-tax Act, in sub-section (2), after clause (viii), the following clause shall be inserted with effect from the 1st day of April, 2015, namely:—

"(ix)any sum of money received as an advance or otherwise in the course of negotiations for transfer of a capital asset, if,—
(a)such sum is forfeited; and
(b)the negotiations do not result in transfer of such capital asset.".

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Section 25, 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. 56 Amendment of section 194A
  2. Income-tax Act s. 56 Income from other sources

Referred to by 2

  1. s. 77 Amendment of Act 27 of 1957
  2. s. 81 Amendment of section 25

Questions about Section 25

What does Section 25 of the Finance Act deal with?

Section 25 of the Finance Act is headed "Amendment of section 56". Amendment of section 56. 25. In section 56 of the Income-tax Act, in sub-section (2), after clause (viii), the following clause shall be inserted with effect from the 1st day of April, 2015, namely:— "(ix) | any sum of money received as an advance or otherwise in the course of negotiations for trans

How do I find court cases under Section 25 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 25, section 25 Finance Act 2014, section 25 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 25 of the Finance Act, and has it changed?

Its own text turns on section 56 (Amendment of section 194A), Income-tax Act 56 (Income from other sources), 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 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.