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Section162
The Finance Act, 2024 (No. 2)

Amendment of Act 23 of 2004

In force As on 10 Oct 2026

Ministry Finance Enacted 16 Aug 2024

Section 162 of the Finance Act, 2024 (No. 2) deals with amendment of Act 23 of 2004. PART V AMENDMENT TO THE FINANCE (NO. 2) ACT, 2004 Amendment of Act 23 of 2004. The Act was enacted on 16 Aug 2024.

PART V

AMENDMENT TO THE FINANCE (NO.

2) ACT, 2004

Amendment of Act 23 of 2004.

162. In the Finance (No.

2) Act, 2004, in Chapter VII, in section 98, in the Table, in serial number 4, in column (3), with effect from the 1st day of October, 2024,—

(i)against entry (a) relating to sale of an option in securities, for the figures and word "0.0625 per cent", the figures and word "0.1 per cent" shall be substituted; and
(ii)against entry (c) relating to sale of a futures in securities, for the figures and word "0.0125 per cent", the figures and word "0.02 per cent" shall be substituted.
Section 162, The Finance Act, 2024 (No. 2).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 98 Power to remove difficulties

Questions about Section 162

What does Section 162 of the Finance Act, 2024 (No. 2) deal with?

Section 162 of the Finance Act, 2024 (No. 2) is headed "Amendment of Act 23 of 2004". PART V AMENDMENT TO THE FINANCE (NO. 2) ACT, 2004 Amendment of Act 23 of 2004.

How do I find court cases under Section 162 of the Finance Act, 2024 (No. 2)?

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, 2024 (No. 2) 162, section 162 Finance Act, 2024 (No. 2), section 162 of the Finance Act, 2024 (No. 2). 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 162 of the Finance Act, 2024 (No. 2), and has it changed?

Its own text turns on section 98 (Power to remove difficulties), so none of them can safely be read on its own.

When was Section 162 of the Finance Act, 2024 (No. 2) enacted?

Section 162 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 162, was enacted on 16 Aug 2024. It is in force as at the date shown on this page.

Other sections of this Act

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.