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TypeBare Act JurisdictionCentral Government

Finance Act, 2003 Section 30

AMENDMENT OF SECTION 47 In section 47 of the Income tax Act,-with effect from the 1st day of April,

~1 min read
https://sooperkanoon.com/act/250392

Bare act section · Research

About this section

Finance Act, 2003 Section 30 is part of Finance Act, 2003 - AMENDMENT OF SECTION 47 In section 47 of the Income tax Act,-with effect from the 1st day of April,. Read the section text below and explore Indian court judgments that cite it.

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Section Text

a) in clause (xiii). for the word "corporatisation", wherever it occurs, the words "demutualisation or corporatisation" shall be substituted;

(b) after clause (xiii), the following clause shall be inserted, namely:- "(xiiia) any transfer of a capital asset being a membership right held by a member of a recognised stock exchange in India for acquisition of shares and trading or clearing rights acquired by such member in that recognised stock exchange in accordance with a scheme for demutualisation or corporatisation which is approved by the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992);".

Frequently asked questions

What does Finance Act, 2003 Section 30 provide?

Section Section 30 of the Finance Act, 2003 (AMENDMENT OF SECTION 47 In section 47 of the Income tax Act,-with effect from the 1st day of April,) is reproduced on this page as part of the Finance Act, 2003. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 2003 Section 30?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2003 Section 30. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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