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Section42
The Finance Act, 1997

Amendment of section 139

In force As on 07 Oct 2026

Ministry Finance

Section 42 of the Finance Act, 1997 deals with amendment of section 139. Amendment of section 139. 42. In section 139 of the Income-tax Act, in sub-section (1),— (i ) the following proviso shall be inserted, namely:— "Provided that a person, not furnishing return under this sub-section and residing in such area as may be specified by the Board in this behalf by a notific

Amendment of section 139.

42. In section 139 of the Income-tax Act, in sub-section (1),—

(i ) the following proviso shall be inserted, namely:—

"Provided that a person, not furnishing return under this sub-section and residing in such area as may be specified by the Board in this behalf by a notification in the Official Gazette, and who at any time during the previous year fulfils any two of the following conditions, namely:—

(i) is in occupation of an immovable property exceeding a specified floor area, whether by way of ownership, tenancy or otherwise, as may be specified by the Board in this behalf; or

(ii) is the owner or the lessee of a motor vehicle; or

(iii) is a subscriber to a telephone; or

(iv) has incurred expenditure for himself or any other person on travel to any foreign country,

shall furnish a return, of his income during the previous year, on or before the due date in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed.";

(ii) after Explanation 2, the following Explanation shall be inserted, namely :—

‘Explanation 3.—For the purpose of this sub-section, the expres­sion "motor vehicle" shall have the meaning assigned to it in clause (28) of section 2 of the Motor Vehicles Act, 1988 (59 of 1988).’.

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Section 42, The Finance Act, 1997.

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. 139 Return of income

Questions about Section 42

What does Section 42 of the Finance Act deal with?

Section 42 of the Finance Act is headed "Amendment of section 139". Amendment of section 139. 42. In section 139 of the Income-tax Act, in sub-section (1),— (i ) the following proviso shall be inserted, namely:— "Provided that a person, not furnishing return under this sub-section and residing in such area as may be specified by the Board in this behalf by a notific

How do I find court cases under Section 42 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 1997 42, section 42 Finance Act 1997, section 42 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 42 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 139 (Return of income), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 1997. India Code records no commencement date for it. 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.