Amendment of section 47
Section 13 of the Finance Act, 2025 deals with amendment of section 47. Amendment of section 47. 13. In section 47 of the Income-tax Act, in clause (viiad), in the Explanation,— (i) | for clause (c), the following clause shall be substituted with effect from the 1st April, 2026, namely:— '(c) "resultant fund" means a fund established or incorporated in India in the form The Act was enacted on 16 Aug 2025.
Amendment of section 47.
13. In section 47 of the Income-tax Act, in clause (viiad), in the Explanation,—
Section 13, The Finance Act, 2025 (Act 7 of 2025).
(i) for clause (c), the following clause shall be substituted with effect from the 1st April, 2026, namely:— '(c) "resultant fund" means a fund established or incorporated in India in the form of a trust or a company or a limited liability partnership, which is located in an International Financial Services Centre as referred to in sub-section (1A) of section 80LA, and has been granted a certificate of registration as a Category I or Category II or Category III Alternative Investment Fund or a certificate as a retail scheme or as an Exchange Traded Fund, and is regulated under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 made under the Securities and Exchange Board of India Act, 1992 (15 of 1992) or regulated under the International Financial Services Centres Authority (Fund Management) Regulations, 2022 made under the International Financial Services Centres Authority Act, 2019 (50 of 2019); (ii) in clause (b), for the figures "2025", the figures "2030" shall be substituted.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 13
What does Section 13 of the Finance Act deal with?
Section 13 of the Finance Act is headed "Amendment of section 47". Amendment of section 47. 13. In section 47 of the Income-tax Act, in clause (viiad), in the Explanation,— (i) | for clause (c), the following clause shall be substituted with effect from the 1st April, 2026, namely:— '(c) "resultant fund" means a fund established or incorporated in India in the form
How do I find court cases under Section 13 of the Finance Act?
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 2025 13, section 13 Finance Act 2025, section 13 of the Finance Act. 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 13 of the Finance Act, and has it changed?
Its own text turns on section 47 (Amendment of section 155), Income-tax Act 47 (Transactions not regarded as transfer), so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it.
When was Section 13 of the Finance Act enacted?
Section 13 of the Finance Act, cited as Finance Act 2025 13, was enacted on 16 Aug 2025 as Act 7 of 2025. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule10059 words
- 2. Income-tax8952 words
- Third Schedule. Third Schedule8533 words
- 146. Amendment of Act 28 of 2016957 words
- 50. Amendment of section 158BB868 words
- 6. Amendment of section 10825 words
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