Amendment of section 54GB
Section 33 of the Finance Act, 2016 deals with amendment of section 54GB. Amendment of section 54GB. 33. In section 54GB of the Income-tax Act, with effect from the 1st day of April, 2017,— (a) | after sub-section (5), the following proviso shall be inserted, namely:— "Provided that in case of an investment in eligible start-up, the provisions of this sub-section shall ha The Act was enacted on 27 Jun 2016.
Amendment of section 54GB.
33. In section 54GB of the Income-tax Act, with effect from the 1st day of April, 2017,—
(a) after sub-section (5), the following proviso shall be inserted, namely:— "Provided that in case of an investment in eligible start-up, the provisions of this sub-section shall have the effect as if for the figures, letters and words "31st day of March, 2017", the figures, letters and words "31st day of March, 2019" had been substituted;"; (b) in sub-section (6),—
(i) in clause (b),—
(A) in sub-clause (ii), after the words "an article or a thing", the words "or in an eligible business" shall be inserted; (B) in sub-clause (iv), after the words and figures "Micro, Small and Medium Enterprises Act, 2006" (27 of 2006), the words "or is an eligible start-up" shall be inserted;
(ii) after clause (b), the following clause shall be inserted, namely:—
'(ba) "eligible start-up" and "eligible business" shall have the meanings respectively assigned to them in Explanation below sub-section (4) of section 80-IAC.'; Section 33, The Finance Act, 2016.
(iii) after clause (d), the following proviso shall be inserted, namely:— "Provided that in the case of an eligible start-up, being a technology driven start-up so certified by the Inter-Ministerial Board of Certification notified by the Central Government in the Official Gazette, the new asset shall include computers or computer software.".
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 33
What does Section 33 of the Finance Act deal with?
Section 33 of the Finance Act is headed "Amendment of section 54GB". Amendment of section 54GB. 33. In section 54GB of the Income-tax Act, with effect from the 1st day of April, 2017,— (a) | after sub-section (5), the following proviso shall be inserted, namely:— "Provided that in case of an investment in eligible start-up, the provisions of this sub-section shall ha
How do I find court cases under Section 33 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 33, section 33 Finance Act 2016, section 33 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 33 of the Finance Act, and has it changed?
Its own text turns on section 80 (Omission of sections 194K and 194L), Income-tax Act 54GB (Capital gain on transfer of residential property not to be charged in certain cases), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was Section 33 of the Finance Act enacted?
Section 33 of the Finance Act, cited as Finance Act 2016 33, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
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- First Schedule. First Schedule8145 words
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- 70. Substitution of new section for section 1531931 words
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