{"act":{"id":"finance-act-2026","short_title":"The Finance Act, 2026","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2026-2027.","act_number":"4","act_year":2026,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":167,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2026/"},"unit":"section","section":{"number":"129","heading":"Amendment of Schedule XIV","text":"Amendment of Schedule XIV. 129. In Schedule XIV to the Income-tax Act, in paragraph 4,— (i) | in sub-paragraph (7), in clause (a), for the words \"this rule\", the words \"this paragraph\" shall be substituted; (ii) | after sub-paragraph (2), the following sub-paragraph shall be inserted, namely:— \"(3) The amount not deductible under sub-clause (i) or (ii) of section 35(b), which is added under sub-paragraph (1)(a), shall be allowed subsequently as a deduction in a tax year in accordance with the provisions of the said sub-clause, as the case may be.\".","html":"<p><b>Amendment of Schedule XIV.</b></p><p><b>129.</b> In Schedule XIV to the Income-tax Act, in paragraph 4,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in sub-paragraph (7), in clause (<i>a</i>)<i>,</i> for the words \"this rule\", the words \"this paragraph\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>after sub-paragraph (<i>2</i>)<i>,</i> the following sub-paragraph shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(3) The amount not deductible under sub-clause (<i>i</i>) or (<i>ii</i>) of section 35(<i>b</i>), which is added under sub-paragraph (1)(<i>a</i>), shall be allowed subsequently as a deduction in a tax year in accordance with the provisions of the said sub-clause, as the case may be.\".</td></tr></table></div>","words":91,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2026/section/129/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}