Amendment of section 55
Section 22 of the Finance Act, 2024 (No. 2) deals with amendment of section 55. Amendment of section 55. 22. In section 55 of the Income-tax Act, in sub-section (2), in clause (ac), in the Explanation, in clause (a), in sub-clause (iii), after item (A), the following item shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2018, na The Act was enacted on 16 Aug 2024.
Amendment of section 55.
22. In section 55 of the Income-tax Act, in sub-section (2), in clause (ac), in the Explanation, in clause (a), in sub-clause (iii), after item (A), the following item shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2018, namely:—
"(AA) not listed on a recognised stock exchange as on the 31st day of January, 2018, or which became the property of the assessee in consideration of share which is not listed on such exchange as on the 31st day of January, 2018 by way of transaction not regarded as transfer under section 47, as the case may be, but listed on such exchange subsequent to the date of transfer (where such transfer is in respect of sale of unlisted equity shares under an offer for sale to the public included in an initial public offer);".
Section 22, 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 22
What does Section 22 of the Finance Act, 2024 (No. 2) deal with?
Section 22 of the Finance Act, 2024 (No. 2) is headed "Amendment of section 55". Amendment of section 55. 22. In section 55 of the Income-tax Act, in sub-section (2), in clause (ac), in the Explanation, in clause (a), in sub-clause (iii), after item (A), the following item shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2018, na
How do I find court cases under Section 22 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) 22, section 22 Finance Act, 2024 (No. 2), section 22 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 22 of the Finance Act, 2024 (No. 2), and has it changed?
Its own text turns on section 47 (Amendment of section 152), section 55 (Omission of section 194F), Income-tax Act 55 (Meaning of "adjusted", "cost of improvement" and "cost of acquisition"), so none of them can safely be read on its own.
When was Section 22 of the Finance Act, 2024 (No. 2) enacted?
Section 22 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 22, 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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