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Section233
The Finance Act, 2016

Amendment of Act 23 of 2004

In force As on 07 Oct 2026

Ministry Finance Enacted 27 Jun 2016

Section 233 of the Finance Act, 2016 deals with amendment of Act 23 of 2004. CHAPTER XII MISCELLANEOUS PART X AMENDMENT TO THE FINANCE (NO. The Act was enacted on 27 Jun 2016.

CHAPTER XII

MISCELLANEOUS

PART X

AMENDMENT TO THE FINANCE (NO.

2) ACT, 2004

Amendment of Act 23 of 2004.

233. In the Finance (No.

2) Act, 2004 with effect from the 1st day of June, 2016,—

(a)in section 98, in the Table, against serial number 4, in item (a), under column (3), for the entry "0.017 per cent", the entry "0.05 per cent" shall be substituted;
(b)for section 113A, the following section shall be substituted, namely:—
'113A. Chapter VII not to apply in certain cases.—Notwithstanding anything contained in this Chapter, the provisions of this Chapter shall not apply to taxable securities transactions entered into by,—
(a)any person for, or on behalf of, the New Pension System Trust referred to in clause (44) of section 10 of the Income-tax Act, 1961 (43 of 1961); or
(b)any person on a recognised stock exchange located in an International Financial Services Centre where the consideration for such transaction is paid or payable in foreign currency.
Explanation.—For the purposes of this section, "International Financial Services Centre" shall have the same meaning as assigned to it in clause (q) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005).'.
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Section 233, The Finance Act, 2016.

Cross-references

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

This section refers to

  1. s. 98 Insertion of new section 270A
  2. Income-tax Act s. 10 Incomes not included in total income

Questions about Section 233

What does Section 233 of the Finance Act deal with?

Section 233 of the Finance Act is headed "Amendment of Act 23 of 2004". CHAPTER XII MISCELLANEOUS PART X AMENDMENT TO THE FINANCE (NO.

How do I find court cases under Section 233 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 2016 233, section 233 Finance Act 2016, section 233 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 233 of the Finance Act, and has it changed?

Its own text turns on section 98 (Insertion of new section 270A), Income-tax Act 10 (Incomes not included in total income), so none of them can safely be read on its own.

When was Section 233 of the Finance Act enacted?

Section 233 of the Finance Act, cited as Finance Act 2016 233, was enacted on 27 Jun 2016. 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.