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Section31
The Finance Act, 2014

Amendment of section 92B

In force Act 25 of 2014 As on 07 Oct 2026

Act 25 of 2014 Ministry Finance Cited by 2 provisions

Section 31 of the Finance Act, 2014 deals with amendment of section 92B. Amendment of section 92B. 31. In section 92B of the Income-tax Act, in sub-section (2), with effect from the 1st day of April, 2015,— (i) | for the words "deemed to be a transaction", the words "deemed to be an international transaction" shall be substituted;

Amendment of section 92B.

31. In section 92B of the Income-tax Act, in sub-section (2), with effect from the 1st day of April, 2015,—

(i)for the words "deemed to be a transaction", the words "deemed to be an international transaction" shall be substituted;
(ii)after the words "determined in substance between such other person and the associated enterprise", the words "where the enterprise or the associated enterprise or both of them are non-residents irrespective of whether such other person is a non-resident or not" shall be inserted.

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Section 31, 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. Income-tax Act s. 92B Meaning of international transaction

Referred to by 2

  1. s. 98 Amendment of section 31
  2. s. First Schedule THE FIRST SCHEDULE

Questions about Section 31

What does Section 31 of the Finance Act deal with?

Section 31 of the Finance Act is headed "Amendment of section 92B". Amendment of section 92B. 31. In section 92B of the Income-tax Act, in sub-section (2), with effect from the 1st day of April, 2015,— (i) | for the words "deemed to be a transaction", the words "deemed to be an international transaction" shall be substituted;

How do I find court cases under Section 31 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 31, section 31 Finance Act 2014, section 31 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 31 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 92B (Meaning of international transaction), 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.