Amendment of section 48
Section 18 of the Finance Act, 2021 deals with amendment of section 48. 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
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:".
Section 18, The Finance Act, 2021.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 18
What does Section 18 of the Finance Act deal with?
Section 18 of the Finance Act is headed "Amendment of section 48". 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
How do I find court cases under Section 18 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 2021 18, section 18 Finance Act 2021, section 18 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 18 of the Finance Act, and has it changed?
Its own text turns on section 45 (Amendment of section 151A), section 48 (Amendment of section 153B), Income-tax Act 48 (Mode of computation), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2021. 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
- Fourth Schedule. Fourth Schedule26628 words
- First Schedule. First Schedule9574 words
- 2. Income-tax5993 words
- 6. Amendment of section 103582 words
- 130. Substitution of new section for section 43513 words
- 131. Substitution of new section for section 52699 words
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.