Amendment of section 2

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....1992 [15 of 1992] and notified by the Central Government in this behalf;';      (II) in clause (14), with effect from the 1st day of April, 2015,-      (A) for the words in the opening portion ' "capital asset" means property of any kind held by an assessee, whether or not connected with his business or profession, but does not include-      (i) any stock-in-trade', the following shall be substituted, namely:-      ' "capital asset" means-      (a) property of any kind held by an assessee, whether or not connected with his business or profession;      (b) any securities held by a Foreign Institutional Inv....

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....ith effect from the 1st day of June, 2013,-      '(16) "Commissioner" means a person appointed to be a Commissioner of Income-tax or a Director of Income-tax or a Principal Commissioner of Income-tax or a Principal Director of Income-tax under sub-section (1) of section 117;';      (V) for clause (21), the following clause shall be substituted and shall be deemed to have been substituted with effect from the 1st day of June, 2013,-      '(21) "Director General or Director" means a person appointed to be a Director General of Income-tax or a Principal Director General of Income-tax or, as the case may be, a Director of Income-tax or a Principal Director of Income-tax, under....

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....sp;  (A) in the proviso, with effect from the 1st day of April, 2015,-      (i) for the words "a share held in a company or any other security listed in a recognised stock exchange in India", the words and brackets "a security (other than a unit) listed in a recognised stock exchange in India" shall be substituted;      (ii) for the words, brackets, figures and letter "a unit of a Mutual Fund specified under clause (23D) of section 10", the words "a unit of an equity oriented fund" shall be substituted;      (B) after the proviso, but before Explanation 1, the following proviso shall be inserted with effect from the 1st day of April, 2015, namely:-   &nbs....