Amendment of section 115ACA
Section 33 of the Finance Act, 2021 deals with amendment of section 115ACA. 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 Ser
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:— Section 33, The Finance Act, 2021.
'(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).'.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 33
What does Section 33 of the Finance Act deal with?
Section 33 of the Finance Act is headed "Amendment of section 115ACA". 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 Ser
How do I find court cases under Section 33 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 33, section 33 Finance Act 2021, section 33 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 33 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 115ACA (Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer), 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
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