Amendment of Section 118
Section 150 of the Finance Act, 2020 deals with amendment of Section 118. Amendment of section 118. 150. In section 118 of the principal Act, with effect from the 1st day of April, 2020,— (i) | in clause (a), for the words "commodity derivative" at both the places where they occur, the words "commodity derivative or commodity derivative based on prices or indices of price
Amendment of section 118.
150. In section 118 of the principal Act, with effect from the 1st day of April, 2020,—
(i) in clause (a), for the words "commodity derivative" at both the places where they occur, the words "commodity derivative or commodity derivative based on prices or indices of prices of commodity derivatives" shall be substituted; (ii) in clause (b),—
(A) after the words "an option on commodity derivative", the words "or option in goods" shall be inserted; (B) in sub-clause (i), for the words and figure "serial number 2", the words and figures "serial numbers 3 and 4" shall be substituted; (C) in sub-clause (ii), for the words and figure "serial number 3", the words and figures "serial numbers 5 and 6" shall be substituted; (D) after sub-clause (ii), the following sub-clause shall be inserted, namely:— Section 150, The Finance Act, 2020.
"(iii) the difference between the settlement price and the strike price, in respect of transaction at serial number 7 of the Table in section 117.".
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 150
What does Section 150 of the Finance Act deal with?
Section 150 of the Finance Act is headed "Amendment of Section 118". Amendment of section 118. 150. In section 118 of the principal Act, with effect from the 1st day of April, 2020,— (i) | in clause (a), for the words "commodity derivative" at both the places where they occur, the words "commodity derivative or commodity derivative based on prices or indices of price
How do I find court cases under Section 150 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 150, section 150 Finance Act 2020, section 150 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 150 of the Finance Act, and has it changed?
Its own text turns on section 117 (Amendment of First Schedule), section 118 (Amendment of Section 2), 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
- 2. Income-tax5875 words
- 7. Amendment of Section 102233 words
- 53. Insertion of new sections 115BAC and 115BAD1625 words
- 153. Amendment of Act 28 of 20161366 words
- 116. Substitution of new section for section 8B1203 words
- 95. Amendment of Section 206C1116 words
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