Section 21 - Amendment of section 43. - Finance Act, 2020

Amendment of section 43. 21. In section 43 of the Income-tax Act, in clause (5),- (a) for the words recognised association wherever they occur, the words recognised stock exchange shall be substituted; (b) in Explanation 2, for clause (iii), the following clause shall be substituted, namely:- (iii) recognised stock exchange means a recognised stock exchange as referred to in clause (f) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956.) and which fulfils such conditions as may be prescribed and notified by the Central Government for this purpose; .