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Section58
The Finance Act, 2024 (No. 2)

Amendment of section 194-IA

In force As on 08 Oct 2026

Ministry Finance Enacted 16 Aug 2024 Cited by 1 provision

Section 58 of the Finance Act, 2024 (No. 2) deals with amendment of section 194-IA. Amendment of section 194-IA. 58. In section 194-IA of the Income-tax Act, in sub-section (2), the following proviso shall be inserted with effect from the 1st day of October, 2024, namely:— "Provided that where there is more than one transferor or transferee in respect of any immovable property, the The Act was enacted on 16 Aug 2024.

Amendment of section 194-IA.

58. In section 194-IA of the Income-tax Act, in sub-section (2), the following proviso shall be inserted with effect from the 1st day of October, 2024, namely:—

"Provided that where there is more than one transferor or transferee in respect of any immovable property, then the consideration shall be the aggregate of the amounts paid or payable by all the transferees to the transferor or all the transferors for transfer of such immovable property.".

Section 58, The Finance Act, 2024 (No. 2).

Cross-references

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

Referred to by 1

  1. s. First Schedule -

Questions about Section 58

What does Section 58 of the Finance Act, 2024 (No. 2) deal with?

Section 58 of the Finance Act, 2024 (No. 2) is headed "Amendment of section 194-IA". Amendment of section 194-IA. 58. In section 194-IA of the Income-tax Act, in sub-section (2), the following proviso shall be inserted with effect from the 1st day of October, 2024, namely:— "Provided that where there is more than one transferor or transferee in respect of any immovable property, the

How do I find court cases under Section 58 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) 58, section 58 Finance Act, 2024 (No. 2), section 58 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 58 of the Finance Act, 2024 (No. 2), and has it changed?

1 other provision in this corpus refers back to it.

When was Section 58 of the Finance Act, 2024 (No. 2) enacted?

Section 58 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 58, was enacted on 16 Aug 2024. It is in force as at the date shown on this page.

Other sections of this Act

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