Amendment of section 112A
Section 32 of the Finance Act, 2021 deals with amendment of section 112A. Amendment of section 112A. 32. In section 112A of the Income-tax Act, in the Explanation, in clause (a),— (i) | in the opening portion, after the word and figures "section ", the words, brackets, figures and letter "or under a scheme of an insurance company comprising unit linked insurance policies
Amendment of section 112A.
32. In section 112A of the Income-tax Act, in the Explanation, in clause (a),—
Section 32, The Finance Act, 2021.
(i) in the opening portion, after the word and figures "section 10", the words, brackets, figures and letter "or under a scheme of an insurance company comprising unit linked insurance policies to which exemption under clause (10D) of the said section does not apply on account of the applicability of the fourth and fifth provisos thereof" shall be inserted; (ii) after the proviso, the following proviso shall be inserted, namely:— "Provided further that in case of a scheme of an insurance company comprising unit linked insurance policies to which exemption under clause (10D) of section 10 does not apply on account of the applicability of the fourth and fifth provisos thereof, the minimum requirement of ninety per cent or sixty-five per cent, as the case may be, is required to be satisfied throughout the term of such insurance policy.".
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 32
What does Section 32 of the Finance Act deal with?
Section 32 of the Finance Act is headed "Amendment of section 112A". Amendment of section 112A. 32. In section 112A of the Income-tax Act, in the Explanation, in clause (a),— (i) | in the opening portion, after the word and figures "section ", the words, brackets, figures and letter "or under a scheme of an insurance company comprising unit linked insurance policies
How do I find court cases under Section 32 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 32, section 32 Finance Act 2021, section 32 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 32 of the Finance Act, and has it changed?
Its own text turns on section 10 (Amendment of section 43), Income-tax Act 112A (Tax on long-term capital gains in certain cases), so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it.
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.