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TypeBare Act JurisdictionCentral Government

Finance Act 2008 Section 15

Amendment of Section 49

~1 min read
https://sooperkanoon.com/act/48703

Bare act section · Research

About this section

Finance Act 2008 Section 15 is part of Finance Act 2008 - Amendment of Section 49. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 49 of the Income-tax Act, for sub-section (2A), the following sub-section shall be substituted, namely:--

(2A) Where the capital asset, being a share or debenture of a company, became the property of the assessee in consideration of a transfer referred to in clause (x) or clause (xa) of section 47, the cost of acquisition of the asset to the assessee shall be deemed to be that part of the cost of debenture, debenture-stock, bond or deposit certificate in relation to which such asset is acquired by the assessee..

Frequently asked questions

What does Finance Act 2008 Section 15 provide?

Section Section 15 of the Finance Act 2008 (Amendment of Section 49) 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 15?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 2008 Section 15. 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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