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Section29
The Finance Act, 2015

Amendment of section 115ACA

In force Act 20 of 2015 As on 07 Oct 2026

Act 20 of 2015 Ministry Finance

Section 29 of the Finance Act, 2015 deals with amendment of section 115ACA. Amendment of section 115ACA. 29. In section 115ACA of the Income-tax Act, after sub-section (3), in the Explanation, in clause (a), with effect from the 1st day of April, 2016, for the words "issued to non-resident investors against the issue of ordinary shares or foreign currency convertible bonds

Amendment of section 115ACA.

29. In section 115ACA of the Income-tax Act, after sub-section (3), in the Explanation, in clause (a), with effect from the 1st day of April, 2016, for the words "issued to non-resident investors against the issue of ordinary shares or foreign currency convertible bonds of issuing company" occurring at the end, the following shall be substituted, namely:—

"issued to investors against the issue of,—

(i)ordinary shares of issuing company, being a company listed on a recognised stock exchange in India; or
(ii)foreign currency convertible bonds of issuing company;".
Section 29, The Finance Act, 2015 (Act 20 of 2015).

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. 115ACA Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer

Questions about Section 29

What does Section 29 of the Finance Act deal with?

Section 29 of the Finance Act is headed "Amendment of section 115ACA". Amendment of section 115ACA. 29. In section 115ACA of the Income-tax Act, after sub-section (3), in the Explanation, in clause (a), with effect from the 1st day of April, 2016, for the words "issued to non-resident investors against the issue of ordinary shares or foreign currency convertible bonds

How do I find court cases under Section 29 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 2015 29, section 29 Finance Act 2015, section 29 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 29 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 115ACA (Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2015 as Act 20 of 2015. 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.