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TypeBare Act JurisdictionCentral Government

Finance Act, 2001 Section 6

AMENDMENT OF SECTION 10A InS.10A of the Income-tax Act-,"

~2 min read
https://sooperkanoon.com/act/455329

Bare act section · Research

About this section

Finance Act, 2001 Section 6 is part of Finance Act, 2001 - AMENDMENT OF SECTION 10A InS.10A of the Income-tax Act-,". Read the section text below and explore Indian court judgments that cite it.

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Section Text

a) in sub-section (1),"

(i) in the second proviso, for the words "undertaking was first set up", the words "undertaking began to manufacture or produce such articles or things or computer software" shall be substituted;

(ii) the third proviso shall be omitted with effect from the 1st day of April, 2002;

(b) for sub-section (4), the following sub-section shall be substituted, namely:" "(4) For the purposes of sub-section (1), the profits derived from export of articles or things or computer software shall be the amount which bears to the profits of the business of the undertaking, the same proportion as the export turnover in respect of such articles or things or computer software bears to the total turnover of the business carried on by the undertaking.";

(c) after sub-section (9),"

(i) below

Explanation 1, the following proviso shall be inserted, namely:" "Provided that nothing contained in this

Explanation shall apply to any change in the shareholding of the company as a result of"

(a) its becoming a company in which the public are ubstantially interested; or (b) disinvestment of its equity shares by any venture capital company or venture capital fund."

(ii) in

Explanation 2, in clause (iv),for the words "in respect of export" the words in respect of export by the undertaking shall be substituted;

(iii) after

Explanation 2, the following

Explanation shall be inserted at the end, namely:" "Explanation 3."For the removal of doubts, it is hereby declared that the profits and gains derived from on site development of computer software (including services for development of software) outside India shall be deemed to be the profits and gains derived from the export of computer software outside India.".

Frequently asked questions

What does Finance Act, 2001 Section 6 provide?

Section Section 6 of the Finance Act, 2001 (AMENDMENT OF SECTION 10A InS.10A of the Income-tax Act-,") is reproduced on this page as part of the Finance Act, 2001. 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, 2001 Section 6?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2001 Section 6. 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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