Amendment of section 139A
Section 41 of the Finance Act, 1998 deals with amendment of section 139A. Amendment of section 139A. 41. In section 139A of the Income-tax Act, with effect from the 1st day of August, 1998,— (a ) in sub-section (1), in clause (ii), for the words "fifty thousand rupees" the words "five lakh rupees" shall be substituted;
Amendment of section 139A.
41. In section 139A of the Income-tax Act, with effect from the 1st day of August, 1998,—
(a ) in sub-section (1), in clause (ii), for the words "fifty thousand rupees" the words "five lakh rupees" shall be substituted;
(b ) in sub-section (5), in clause (c), after the proviso, the following proviso shall be inserted namely :—
" Provided further that a person shall quote General Index Register Number till such time Permanent Account Number is allotted to such person.";
(c ) in sub-section (6), after the words "the Permanent Account Number", the words "or the General Index Register Number" shall be inserted;
(d ) in sub-section (8),—
(i) in clause (b), after the words "Permanent Account Number", the words "or the General Index Register Number" shall be inserted;
(ii) after clause (c), the following clauses shall be inserted, namely :—
"( d) class or classes of person to whom the provisions of this section shall not apply;
( e) the form and the manner in which the person who has not been allotted a Permanent Account Number or who does not have General Index Register Number shall make his declaration;
( f) the manner in which the Permanent Account Number or the General Index Register Number shall be quoted in respect of the categories of transactions referred to in clause (b);
( g) the time and the manner in which the transactions referred to in clause (b) shall be intimated to the prescribed authority."
(e ) in the Explanation at the end, after clause (c), the following clause shall be inserted, namely :—
‘(d) "General Index Register Number" means a number given by an Assessing Officer to an assessee in the General Index Register maintained by him and containing the designation and particulars of the ward or circle or range of the Assessing Officer.’.
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Section 41, The Finance Act, 1998.
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Questions about Section 41
What does Section 41 of the Finance Act deal with?
Section 41 of the Finance Act is headed "Amendment of section 139A". Amendment of section 139A. 41. In section 139A of the Income-tax Act, with effect from the 1st day of August, 1998,— (a ) in sub-section (1), in clause (ii), for the words "fifty thousand rupees" the words "five lakh rupees" shall be substituted;
How do I find court cases under Section 41 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 1998 41, section 41 Finance Act 1998, section 41 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 41 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 139A (Permanent account number), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was the Finance Act enacted?
Finance Act was enacted in 1998. 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
- -. THE SCHEDULE4926 words
- 10. Insertion of new section 33ABA1532 words
- 2. Income-tax1337 words
- 5. Amendment of section 101148 words
- 69. Insertion of new section 23A925 words
- 87. Definitions858 words
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