Amendment of section 43CA
Section 14 of the Finance Act, 2018 deals with amendment of section 43CA. Amendment of section 43CA. 14. In section 43CA of the Income-tax Act, with effect from the 1st day of April, 2019,— (a) | in sub-section (1), the following proviso shall be inserted, namely:— "Provided that where the value adopted or assessed or assessable by the authority for the purpose of payment
Amendment of section 43CA.
14. In section 43CA of the Income-tax Act, with effect from the 1st day of April, 2019,—
Section 14, The Finance Act, 2018 (Act 13 of 2018).
(a) in sub-section (1), the following proviso shall be inserted, namely:— "Provided that where the value adopted or assessed or assessable by the authority for the purpose of payment of stamp duty does not exceed one hundred and five per cent of the consideration received or accruing as a result of the transfer, the consideration so received or accruing as a result of the transfer shall, for the purposes of computing profits and gains from transfer of such asset, be deemed to be the full value of the consideration."; (b) in sub-section (4), for the words "by any mode other than cash", the words "by way of an account payee cheque or an account payee bank draft or by use of electronic clearing system through a bank account" shall be substituted.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 14
What does Section 14 of the Finance Act deal with?
Section 14 of the Finance Act is headed "Amendment of section 43CA". Amendment of section 43CA. 14. In section 43CA of the Income-tax Act, with effect from the 1st day of April, 2019,— (a) | in sub-section (1), the following proviso shall be inserted, namely:— "Provided that where the value adopted or assessed or assessable by the authority for the purpose of payment
How do I find court cases under Section 14 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 2018 14, section 14 Finance Act 2018, section 14 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 14 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 43CA (Special provision for full value of consideration for transfer of assets other than capital assets in certain cases), 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 2018 as Act 13 of 2018. 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
- First Schedule. INCOME-TAX8472 words
- 2. Income-tax4233 words
- 206. Amendment of Act 54 of 20001580 words
- Second Schedule. Second Schedule1062 words
- 33. Insertion of new section 112A756 words
- 63. Amendment of section 28707 words
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