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TypeBare Act JurisdictionCentral Government

Finance Act, 2000 Section 21

Amendment of Section 47

~1 min read
https://sooperkanoon.com/act/41271

Bare act section · Research

About this section

Finance Act, 2000 Section 21 is part of Finance Act, 2000 - Amendment of Section 47. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 47 of the Income-tax Act,-

(a) after clause (iii), the following proviso shall be inserted with effect from the 1st day of April, 2001, namely :-

"Provided that this clause shall not apply to transfer under a gift or an irrevocable trust of a capital asset being shares, debentures or warrants allotted by a company directly or indirectly to its employees under the Employees' Stock Option Plan or Scheme.";

(b) in clause (vic), in sub-clause (a), for the words "at least seventy-five per cent of the shareholders", the words "the shareholders holding not less than three-fourths in value of the shares" shall be substituted.

Frequently asked questions

What does Finance Act, 2000 Section 21 provide?

Section Section 21 of the Finance Act, 2000 (Amendment of Section 47) is reproduced on this page as part of the Finance Act, 2000. 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, 2000 Section 21?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2000 Section 21. 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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