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    <title>Amendment of section 2</title>
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    <description>Section 2 of the Income-tax Act is amended to insert definitions for Additional Commissioner, Additional Director and Assistant Director, to exclude specified categories of property (including defined jewellery) from personal effects, to add a cross-reference to sums under the gift/income provision, to broaden the territorial definition of India to include maritime zones and air space, and to clarify that the holding period for employer-allotted specified securities and sweat equity shares is reckoned from allotment or transfer with those terms defined by reference to their statutory meanings.</description>
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      <description>Section 2 of the Income-tax Act is amended to insert definitions for Additional Commissioner, Additional Director and Assistant Director, to exclude specified categories of property (including defined jewellery) from personal effects, to add a cross-reference to sums under the gift/income provision, to broaden the territorial definition of India to include maritime zones and air space, and to clarify that the holding period for employer-allotted specified securities and sweat equity shares is reckoned from allotment or transfer with those terms defined by reference to their statutory meanings.</description>
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