# The Finance Act, 2021, Section 18: Amendment of section 48

- Act: The Finance Act, 2021
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2021/section/18/

## Text

Amendment of section 48. 18. In section 48 of the Income-tax Act, after clause (ii) the following clause shall be inserted, namely: — "(iii) in case of value of any money or capital asset received by a specified person from a specified entity referred to in sub -section (4) of section 45, the amount chargeable to income-tax as income of such specified entity under that sub-section which is attributable to the capital asset being transferred by the specified entity, calculated in the prescribed manner:".

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