# The Finance Act, 2021, Section 30: Amendment of section 80LA - Act: The Finance Act, 2021 - Ministry: Ministry of Finance - Source URL: https://indiacode.ecourtsindia.com/finance-act-2021/section/30/ ## Text Amendment of section 80LA. 30. In section 80LA of the Income-tax Act, with effect from the 1st day of April, 2022,β€” (i) | in sub-section (1A), for the words "any other relevant laws was obtained", the words "permission or registration under the International Financial Services Centre Authority Act, 2019 (50 of 2019) was obtained" shall be substituted; (ii) | in sub-section (2), after clause (c), the following clause shall be inserted, namely:β€” '(d) arising from the transfer of an asset, being an aircraft, which was leased by a unit referred to in clause (c) to a person, subject to the condition that the unit has commenced operation on or before the 31st day of March, 2024. Explanation.β€”For the purposes of this clause, "aircraft" shall have the meaning assigned to it in the Explanation to clause (4F) of section 10.'; (iii) | in sub-section (3), for clause (ii), the following clause shall be substituted, namely:β€” "(ii) a copy of the permission obtained under clause (a) of sub-section (1) of section 23 of the Banking Regulation Act, 1949 (10 of 1949) or copy of permission or registration obtained under the International Financial Services Centre Authority Act, 2019 (50 of 2019).". --- Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.