# The Finance Act, 2021, Section 33: Amendment of section 115ACA

- Act: The Finance Act, 2021
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2021/section/33/

## Text

Amendment of section 115ACA. 33. In section 115ACA of the Income-tax Act, in the Explanation, with effect from the 1st day of April, 2022— (i) | in clause (a),— (a) | in the opening portion, after the words "the Overseas Depository Bank outside India", the words "or in an International Financial Services Centre" shall be inserted; (b) | after sub-clause (ii), the following sub-clause shall be inserted, namely:— "(iii) | ordinary shares of issuing company, being a company incorporated outside India, if such depository receipt or certificate is listed and traded on any International Financial Services Centre;"; (ii) | after clause (c), the following clause shall be inserted, namely:— '(ca) | "International Financial Services Centre" shall have the meaning assigned to it in clause (q) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005).'.

---
Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.