Amendment of section 48
Section 18 of the Finance Act, 2018 deals with amendment of section 48. Amendment of section 48. 18. In section 48 of the Income-tax Act, after the second proviso, the following proviso shall be inserted, namely:— "Provided also that nothing contained in the first and second provisos shall apply to the capital gains arising from the transfer of a long-term capital asset
Amendment of section 48.
18. In section 48 of the Income-tax Act, after the second proviso, the following proviso shall be inserted, namely:—
"Provided also that nothing contained in the first and second provisos shall apply to the capital gains arising from the transfer of a long-term capital asset being an equity share in a company or a unit of an equity oriented fund or a unit of a business trust referred to in section 112A:".
Section 18, The Finance Act, 2018 (Act 13 of 2018).
Cross-references
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Questions about Section 18
What does Section 18 of the Finance Act deal with?
Section 18 of the Finance Act is headed "Amendment of section 48". Amendment of section 48. 18. In section 48 of the Income-tax Act, after the second proviso, the following proviso shall be inserted, namely:— "Provided also that nothing contained in the first and second provisos shall apply to the capital gains arising from the transfer of a long-term capital asset
How do I find court cases under Section 18 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 18, section 18 Finance Act 2018, section 18 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 18 of the Finance Act, and has it changed?
Its own text turns on section 48 (Amendment of section 193), Income-tax Act 48 (Mode of computation), so none of them can safely be read on its own. 1 other provision in this corpus refers 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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