Amendment of section 139
Section 20 of the Finance Act, 1970 deals with amendment of section 139. Amendment of section 139 20. In section 139 of the Income-tax Act, after sub-section (4), the following sub-section shall be inserted with effect from the 1st day of April, 1971, namely:— "(4A) Every person in receipt of income derived from property held under trust or other legal obligation wholly The Act was enacted on 14 May 1970.
Amendment of section 139
20. In section 139 of the Income-tax Act, after sub-section (4), the following sub-section shall be inserted with effect from the 1st day of April, 1971, namely:—
"(4A) Every person in receipt of income derived from property held under trust or other legal obligation wholly for charitable or religious purposes, or in part only for such purposes, shall, if the. total income in respect of which he is assessable as a representative assessee [the total income for this purpose being computed under this Act without giving effect to the provisions of sub-section (1) of section 11] exceeds the maximum amount which is not chargeable to income-tax, furnish a return of such income of the previous year in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed and all the provisions of this Act shall, so far as may be, apply as if it were a return required to be furnished under sub-section (1).".
[Finance Act, 1970]
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Section 20, The Finance Act, 1970 (Act 19 of 1970).
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Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
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Questions about Section 20
What does Section 20 of the Finance Act deal with?
Section 20 of the Finance Act is headed "Amendment of section 139". Amendment of section 139 20. In section 139 of the Income-tax Act, after sub-section (4), the following sub-section shall be inserted with effect from the 1st day of April, 1971, namely:— "(4A) Every person in receipt of income derived from property held under trust or other legal obligation wholly
How do I find court cases under Section 20 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 1970 20, section 20 Finance Act 1970, section 20 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 20 of the Finance Act, and has it changed?
Its own text turns on section 11 (Amendment of Chapter IV-E relating to capital gains), Income-tax Act 139 (Return of income), so none of them can safely be read on its own.
When was Section 20 of the Finance Act enacted?
Section 20 of the Finance Act, cited as Finance Act 1970 20, was enacted on 14 May 1970 as Act 19 of 1970. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule4428 words
- 26. Amendment of Act 27 of 19572747 words
- 6. Substitution of new-section of section 131270 words
- 5. Amendment of section 11876 words
- 21. Substitution of new section for section 164872 words
- 2. Income-tax815 words
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