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Section5
The Finance Act, 1969

Amendment of section 40 A

In force Act 14 of 1969 As on 17 Oct 2026

Act 14 of 1969 Ministry Finance Enacted 13 May 1969 Cited by 1 provision

Section 5 of the Finance Act, 1969 deals with amendment of section 40 A. Amendment of section 40 A 5. In section 40A of the Income-tax Act, after sub-section (3), the following sub-section shall be inserted, namely: — " (4) Notwithstanding anything contained in any other law for the time being in force or in any contract, where any payment in respect of any expenditure h The Act was enacted on 13 May 1969.

Amendment of section 40 A

5. In section 40A of the Income-tax Act, after sub-section (3), the following sub-section shall be inserted, namely: —

" (4) Notwithstanding anything contained in any other law for the time being in force or in any contract, where any payment in respect of any expenditure has to be made by a crossed cheque drawn on a bank or by a crossed bank draft in order that such expenditure may not be disallowed as a deduction under sub-section (3), then the payment may be made by such cheque or draft; and where the payment is so made or tendered, no person shall be allowed to raise, in any suit or other proceeding, a plea based on the ground that the payment was not made or tendered in cash or in any other manner.".

[Finance Act, 1969]

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Section 5, The Finance Act, 1969 (Act 14 of 1969).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 40A Expenses or payments not deductible in certain circumstances

Referred to by 1

  1. s. 24 Amendment of Act 27 of 1957

Questions about Section 5

What does Section 5 of the Finance Act deal with?

Section 5 of the Finance Act is headed "Amendment of section 40 A". Amendment of section 40 A 5. In section 40A of the Income-tax Act, after sub-section (3), the following sub-section shall be inserted, namely: — " (4) Notwithstanding anything contained in any other law for the time being in force or in any contract, where any payment in respect of any expenditure h

How do I find court cases under Section 5 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1969 5, section 5 Finance Act 1969, section 5 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 5 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 40A (Expenses or payments not deductible in certain circumstances), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was Section 5 of the Finance Act enacted?

Section 5 of the Finance Act, cited as Finance Act 1969 5, was enacted on 13 May 1969 as Act 14 of 1969. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.