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Section20
The Finance Act, 2019 (No. 2)

Amendment of section 54GB

In force As on 07 Oct 2026

Ministry Finance

Section 20 of the Finance Act, 2019 (No. 2) deals with amendment of section 54GB. Amendment of section 54GB 20. In section 54GB of the Income-tax Act, with effect from the 1st day of April, 2020,— (i) | in sub-section (4), the following proviso shall be inserted, namely:— 'Provided that in case of a new asset, being computer or computer software, acquired by an eligible start-up

Amendment of section 54GB

20. In section 54GB of the Income-tax Act, with effect from the 1st day of April, 2020,—

(i)in sub-section (4), the following proviso shall be inserted, namely:—
'Provided that in case of a new asset, being computer or computer software, acquired by an eligible start-up referred to in the proviso to clause (d) of sub-section (6), the provisions of this sub-section shall have effect as if for the words "five years", the words "three years" had been substituted.';
(ii)in sub-section (5), in the proviso, for the figures "2019", the figures "2021" shall be substituted;
(iii)in sub-section (6), in clause (b), in sub-clause (iii), for the word "fifty" at both the places where it occurs, the word "twenty-five" shall be substituted.
Section 20, The Finance Act, 2019 (No. 2).

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. 54GB Capital gain on transfer of residential property not to be charged in certain cases

Questions about Section 20

What does Section 20 of the Finance Act, 2019 (No. 2) deal with?

Section 20 of the Finance Act, 2019 (No. 2) is headed "Amendment of section 54GB". Amendment of section 54GB 20. In section 54GB of the Income-tax Act, with effect from the 1st day of April, 2020,— (i) | in sub-section (4), the following proviso shall be inserted, namely:— 'Provided that in case of a new asset, being computer or computer software, acquired by an eligible start-up

How do I find court cases under Section 20 of the Finance Act, 2019 (No. 2)?

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, 2019 (No. 2) 20, section 20 Finance Act, 2019 (No. 2), section 20 of the Finance Act, 2019 (No. 2). 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 20 of the Finance Act, 2019 (No. 2), and has it changed?

Its own text turns on 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.

When was the Finance Act, 2019 (No. 2) enacted?

Finance Act, 2019 (No. 2) was enacted in 2019. 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.