Amendment of Schedule VI
Section 125 of the Finance Act, 2026 deals with amendment of Schedule VI. Amendment of Schedule VI. 125. In Schedule VI to the Income-tax Act, in the Table, in Note 1, in clause (g),— (a) | for the long line, the following item shall be substituted, namely:— "(C) of which all the units other than the unit held by a sponsor or manager are held by non-residents except,— (I)
Amendment of Schedule VI.
125. In Schedule VI to the Income-tax Act, in the Table, in Note 1, in clause (g),—
(a) for the long line, the following item shall be substituted, namely:— "(C) of which all the units other than the unit held by a sponsor or manager are held by non-residents except,—
(I) where such non-resident becomes resident under section 6(2) or (3) or (4) or (5) or (6) or (7) in any tax year subsequent to that tax year; and (II) the number of units held by such resident unit holder or holders do not exceed 5% of the total units issued and shall fulfil such other conditions as may be prescribed; or"; Section 125, The Finance Act, 2026 (Act 4 of 2026).
(b) in sub-clause (ii), in item (A), 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.
This section refers to
Questions about Section 125
What does Section 125 of the Finance Act deal with?
Section 125 of the Finance Act is headed "Amendment of Schedule VI". Amendment of Schedule VI. 125. In Schedule VI to the Income-tax Act, in the Table, in Note 1, in clause (g),— (a) | for the long line, the following item shall be substituted, namely:— "(C) of which all the units other than the unit held by a sponsor or manager are held by non-residents except,— (I)
How do I find court cases under Section 125 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 2026 125, section 125 Finance Act 2026, section 125 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 125 of the Finance Act, and has it changed?
Its own text turns on section 6 (Amendment of section 140B), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2026 as Act 4 of 2026. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. -11686 words
- 3. Income-tax under Act 30 of 20258033 words
- Fourth Schedule. -4078 words
- 2. Income-tax under Act 43 of 19612736 words
- 26. Substitution of new sections for sections 276B, 276BB, 276C, 276CC, 276CCC and 276D1437 words
- Fifth Schedule. -1363 words
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