# The Finance Act, 2014, Section 34: Amendment of section 111A

- Act: The Finance Act, 2014 (Act 25 of 2014)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2014/section/34/

## Text

Amendment of section 111A. 34. In section 111A of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2015,— (A) | after the words "unit of an equity oriented fund", the words "or a unit of a business trust" shall be inserted; (B) | after the proviso, the following proviso shall be inserted, namely:— "Provided further that the provisions of this sub-section shall not apply in respect of any income arising from transfer of units of a business trust which were acquired by the assessee in consideration of a transfer as referred to in clause (xvii) of section 47.". © Copyright. Taxmann Publications Pvt. Ltd.

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