# The Finance Act, 2020, Section 21: Amendment of Section 43

- Act: The Finance Act, 2020
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2020/section/21/

## Text

Amendment of section 43. 21. In section 43 of the Income-tax Act, in clause (5),— (a) | for the words "recognised association" wherever they occur, the words "recognised stock exchange" shall be substituted; (b) | in Explanation 2, for clause (iii), the following clause shall be substituted, namely:— '(iii) | "recognised stock exchange" means a recognised stock ex-change as referred to in clause (f) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and which fulfils such conditions as may be prescribed and notified by the Central Government for this purpose;'.

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