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TypeBare Act JurisdictionCentral Government

Finance Act 1973 Section 3

Amendment of Section 2

~1 min read
https://sooperkanoon.com/act/4869

Bare act section · Research

About this section

Finance Act 1973 Section 3 is part of Finance Act 1973 - Amendment of Section 2. 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.

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Section Text

In section 2 of the Income-tax Act, -

(a) in clause (37A), in sub-clause (ii), after the figures and letter "194B", the figures and letter", 194D" shall be inserted;

(b) in clause (42A), for the portion beginning with the words "short-term capital asset" means a capital asset and ending with the words "notwithstanding that such capital asset has been held by the assessee for not more than twenty-four months immediately preceding the date of its transfer.", the following shall be substituted with effect from the 1st day of April, 1974, namely :-

"short-term capital asset" means a capital asset held by an assessee for not more than sixty month immediately preceding the date of its transfer..

Frequently asked questions

What does Finance Act 1973 Section 3 provide?

Section Section 3 of the Finance Act 1973 (Amendment of Section 2) is reproduced on this page as part of the Finance Act 1973. 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 1973 Section 3?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 1973 Section 3. 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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