Amendment of section 46A
Section 18 of the Finance Act, 2024 (No. 2) deals with amendment of section 46A. Amendment of section 46A. 18. In section 46A of the Income-tax Act, the following proviso shall be inserted before the Explanation, with effect from the 1st day of October, 2024, namely:— "Provided that where the shareholder receives any consideration of the nature referred to in sub-clause (f) of c The Act was enacted on 16 Aug 2024.
Amendment of section 46A.
18. In section 46A of the Income-tax Act, the following proviso shall be inserted before the Explanation, with effect from the 1st day of October, 2024, namely:—
"Provided that where the shareholder receives any consideration of the nature referred to in sub-clause (f) of clause (22) of section 2 from any company, in respect of any buy-back of shares, that takes place on or after the 1st day of October, 2024, then for the purposes of this section, the value of consideration received by the shareholder shall be deemed to be nil.".
Section 18, The Finance Act, 2024 (No. 2).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 18
What does Section 18 of the Finance Act, 2024 (No. 2) deal with?
Section 18 of the Finance Act, 2024 (No. 2) is headed "Amendment of section 46A". Amendment of section 46A. 18. In section 46A of the Income-tax Act, the following proviso shall be inserted before the Explanation, with effect from the 1st day of October, 2024, namely:— "Provided that where the shareholder receives any consideration of the nature referred to in sub-clause (f) of c
How do I find court cases under Section 18 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) 18, section 18 Finance Act, 2024 (No. 2), section 18 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 18 of the Finance Act, 2024 (No. 2), and has it changed?
Its own text turns on section 2 (Income-tax), Income-tax Act 46A (Capital gains on purchase by company of its own shares or other specified securities), so none of them can safely be read on its own.
When was Section 18 of the Finance Act, 2024 (No. 2) enacted?
Section 18 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 18, was enacted on 16 Aug 2024. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. -10716 words
- 2. Income-tax9063 words
- 49. Substitution of new Chapter for Chapter XIV-B4593 words
- Fourth Schedule. -1864 words
- 138. Insertion of section 74A1329 words
- 89. Definitions889 words
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