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TypeBare Act JurisdictionCentral Government

Finance Act, 2008 Section 37

Trade profits: changes in trading stock

~1 min read
https://sooperkanoon.com/act/455840

Bare act section · Research

About this section

Finance Act, 2008 Section 37 is part of Finance Act, 2008 - Trade profits: changes in trading stock. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1) Schedule 15 contains provision about the effect of certain changes in trading stock on the calculation of profits of trades for the purposes of income tax or corporation tax.

(2) The amendments made by that Schedule have effect in relation to changes in trading stock occurring on or after 12 March 2008.

(3) In subsection (2) "change in trading stock" means-

(a) in relation to new section 172B of ITTOIA 2005, or paragraph 6 of Schedule 15, an appropriation of trading stock, (b) in relation to new section 172C of ITTOIA 2005, or paragraph 7 of Schedule 15, a thing becoming trading stock, (c) in relation to new section 172D of ITTOIA 2005, or paragraph 8 of Schedule 15, a disposal of trading stock, and (d) in relation to new section 172E of ITTOIA 2005, or paragraph 9 of Schedule 15, an acquisition of trading stock.

Frequently asked questions

What does Finance Act, 2008 Section 37 provide?

Section Section 37 of the Finance Act, 2008 (Trade profits: changes in trading stock) is reproduced on this page as part of the Finance Act, 2008. 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, 2008 Section 37?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2008 Section 37. 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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