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        F. Acts / Amendment Acts

        Section 6 - Amendment of section 10

        Finance Act, 2003
        Chapter III
        DIRECT TAXES

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        Amendment to Section 10: redefines exempt incomes and tightens insurance and dividend exemptions under income tax. Amendments to section 10 refine exempt and included incomes by widening receipt definitions, restricting insurance policy exemptions (excluding Keyman and high premium policies), narrowing dividend exemptions, and creating specific inclusions and exclusions for unit transfers, specified company and mutual fund income, and certain long term capital gains on defined equity shares, with added definitions and transitional deeming provisions to govern application.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Amendment to Section 10: redefines exempt incomes and tightens insurance and dividend exemptions under income tax.

                                Amendments to section 10 refine exempt and included incomes by widening receipt definitions, restricting insurance policy exemptions (excluding Keyman and high premium policies), narrowing dividend exemptions, and creating specific inclusions and exclusions for unit transfers, specified company and mutual fund income, and certain long term capital gains on defined equity shares, with added definitions and transitional deeming provisions to govern application.


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