# The Finance Act, 2021, Section 8: Amendment of section 32

- Act: The Finance Act, 2021
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2021/section/8/

## Text

Amendment of section 32. 8.  In section 32 of the Income-tax Act, in sub-section (1),— (a) | in clause (ii), after the words, figures and letters, "after the 1st day of April, 1998,", the words "not being goodwill of a business or profession," shall be inserted; (b) | in Explanation 3, in clause (b), after the words "or commercial rights of similar nature", the words ", not being goodwill of a business or profession" shall be inserted.

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