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Section203
The Finance Act, 2019 (No. 2)

Amendment of Act 23 of 2004

In force As on 07 Oct 2026

Ministry Finance

Section 203 of the Finance Act, 2019 (No. 2) deals with amendment of Act 23 of 2004. PART XIV AMENDMENT TO THE FINANCE (NO. 2) ACT, 2004 Amendment of Act 23 of 2004 203.

PART XIV

AMENDMENT TO THE FINANCE (NO.

2) ACT, 2004

Amendment of Act 23 of 2004

203. In section 99 of the Finance (No.

2) Act, 2004, with effect from the 1st day of September, 2019,—

(I)in clause (a), in sub-clause (ii), for the words "settlement price", the words "intrinsic value" shall be substituted;
(II)after the proviso, the following Explanation shall be inserted, namely:—
'Explanation.—For the purposes of this section, the expression "intrinsic value" means the difference between the settlement price and the strike price.'.
Section 203, 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. s. 99 Amendment of section 49

Questions about Section 203

What does Section 203 of the Finance Act, 2019 (No. 2) deal with?

Section 203 of the Finance Act, 2019 (No. 2) is headed "Amendment of Act 23 of 2004". PART XIV AMENDMENT TO THE FINANCE (NO. 2) ACT, 2004 Amendment of Act 23 of 2004 203.

How do I find court cases under Section 203 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) 203, section 203 Finance Act, 2019 (No. 2), section 203 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 203 of the Finance Act, 2019 (No. 2), and has it changed?

Its own text turns on section 99 (Amendment of section 49), 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.