Amendment of section 47
Section 19 of the Finance Act, 2024 (No. 2) deals with amendment of section 47. Amendment of section 47. 19. In section 47 of the Income-tax Act, for clause (iii), the following clause shall be substituted with effect from the 1st day of April, 2025, namely:— "(iii) any transfer of a capital asset by an individual or a Hindu undivided family, under a gift or will or an irrevoca The Act was enacted on 16 Aug 2024.
Amendment of section 47.
19. In section 47 of the Income-tax Act, for clause (iii), the following clause shall be substituted with effect from the 1st day of April, 2025, namely:—
"(iii) any transfer of a capital asset by an individual or a Hindu undivided family, under a gift or will or an irrevocable trust;".
Section 19, The Finance Act, 2024 (No. 2).
Cross-references
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Questions about Section 19
What does Section 19 of the Finance Act, 2024 (No. 2) deal with?
Section 19 of the Finance Act, 2024 (No. 2) is headed "Amendment of section 47". Amendment of section 47. 19. In section 47 of the Income-tax Act, for clause (iii), the following clause shall be substituted with effect from the 1st day of April, 2025, namely:— "(iii) any transfer of a capital asset by an individual or a Hindu undivided family, under a gift or will or an irrevoca
How do I find court cases under Section 19 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) 19, section 19 Finance Act, 2024 (No. 2), section 19 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 19 of the Finance Act, 2024 (No. 2), and has it changed?
Its own text turns on section 47 (Amendment of section 152), Income-tax Act 47 (Transactions not regarded as transfer), so none of them can safely be read on its own.
When was Section 19 of the Finance Act, 2024 (No. 2) enacted?
Section 19 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 19, 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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