Clause 109 - Amendment of Finance (No. 2) Act, 2004 - Finance (No. 2) Bill, 2014

Amendment of Finance (No. 2) Act, 2004 109. In the Finance (No. 2) Act, 2004, [23 of 2004]in Chapter VII, with effect from the 1st day of October, 2014, (A) in section 97, (i) after clause (3), the following clause shall be inserted, namely: (3A) business trust shall have the meaning assigned to it in clause (13A) of section 2 of the Income-tax Act, 1961; ; (ii) in clause (13), in sub-clause (a), after the words unit of an equity oriented fund , the words or a unit of a business trust shall be inserted; (B) in section 98, in the Table, in column (2), (I) in the entry at Sl. No. 1, (i) after the words equity share in a company , the words or a unit of a business trust shall be inserted; (ii) in clause (b), after the word share at both the places where they occur, the words or unit shall be inserted; (II) in the entry at Sl.No. 2, (i) after the words equity share in a company , the words or a unit of a business trust shall be inserted; (ii) in clause (b), after the word share at both the places where they occur, the words or unit shall be inserted; (III) in the entry at Sl.No. 3, after the words unit of an equity oriented fund , the words or a unit of a business trust shall be inserted.