Skip to content

Statute → case law

See how courts applied this provision

Jump to judgments under this act, then open an AI Brief on any order. Semantic Search helps you ask in plain English.

  • AI Brief & Ask
  • Semantic AI Search

Credentials emailed - log in to pick up where you left off.

TypeBare Act JurisdictionCentral Government

Finance Act, 1997 Section 18

AMENDMENT OF SECTION 48 -InSection 48 of the Income Tax Act-, after the second proviso, the following proviso shall be

~1 min read
https://sooperkanoon.com/act/455126

Bare act section · Research

About this section

Finance Act, 1997 Section 18 is part of Finance Act, 1997 - AMENDMENT OF SECTION 48 -InSection 48 of the Income Tax Act-, after the second proviso, the following proviso shall be. Read the section text below and explore Indian court judgments that cite it.

Research copy - verify against official government publications before filing or court use.

Section Text

SECTION 18: AMENDMENT OF SECTION 48 -InSection 48 of the Income Tax Act-, after the second proviso, the following proviso shall be inserted with effect from the 1st day of April, 1998, namely:- "Provided also that nothing contained in the second proviso shall apply to the long-term capital gain arising from the transfer of a long-term capital asset being bond or debenture other than capital indexed bonds issued by the Government.".

Frequently asked questions

What does Finance Act, 1997 Section 18 provide?

Section Section 18 of the Finance Act, 1997 (AMENDMENT OF SECTION 48 -InSection 48 of the Income Tax Act-, after the second proviso, the following proviso shall be) is reproduced on this page as part of the Finance Act, 1997. 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, 1997 Section 18?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1997 Section 18. 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.

AI Briefs · Semantic Search · Save & annotate judgments

Start your 7-day free trial