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Section148
The Finance Act, 2020

Amendment of Section 116

In force As on 07 Oct 2026

Ministry Finance

Section 148 of the Finance Act, 2020 deals with amendment of Section 116. PART V AMENDMENTS TO THE FINANCE ACT, 2013 Amendment of section 116.

PART V

AMENDMENTS TO THE FINANCE ACT, 2013

Amendment of section 116.

148. In the Finance Act, 2013 (17 of 2013) (hereafter in this Part referred to as the principal Act), in section 116, with effect from the 1st day of April, 2020,—

(a)in clause (7), for the words "sale of commodity derivatives or option on commodity derivatives in respect of commodities, other than agricultural commodities, traded in recognised associations", the words "sale of commodity derivatives or sale of commodity derivatives based on prices or indices of prices of commodity derivatives or option on commodity derivatives or option in goods in respect of commodities, other than agricultural commodities, traded in recognised stock exchange" shall be substituted;
(b)in clause (8),—
(A)for the words, brackets and figures "Forward Contracts (Regulation) Act, 1952 (74 of 1952)", the words, brackets and figures "Securities Contracts (Regulation) Act, 1956 (42 of 1956)" shall be substituted;
(B)after the words "or the rules made", the words "or the notifications issued" shall be inserted.
Section 148, The Finance Act, 2020.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 116 Substitution of new section for section 8B

Questions about Section 148

What does Section 148 of the Finance Act deal with?

Section 148 of the Finance Act is headed "Amendment of Section 116". PART V AMENDMENTS TO THE FINANCE ACT, 2013 Amendment of section 116.

How do I find court cases under Section 148 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 2020 148, section 148 Finance Act 2020, section 148 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 148 of the Finance Act, and has it changed?

Its own text turns on section 116 (Substitution of new section for section 8B), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2020. 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.