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Section39
The Finance Act, 2000

Amendment of section 80-IB

In force As on 16 Oct 2026

Ministry Finance

Section 39 of the Finance Act, 2000 deals with amendment of section 80-IB. Amendment of section 80-IB. 39. In section 80-IB of the Income-tax Act, with effect from the 1st day of April, 2001,— (a) in sub-section (3), in clause (ii), for the figures, letters and words "31st day of March, ", the figures, letters and words "31st day of March, " shall be substituted;

Amendment of section 80-IB.

39. In section 80-IB of the Income-tax Act, with effect from the 1st day of April, 2001,—

(a) in sub-section (3), in clause (ii), for the figures, letters and words "31st day of March, 2000", the figures, letters and words "31st day of March, 2002" shall be substituted;

(b) in sub-section (4), in the first proviso, for the fig­ures, letters and words "31st day of March, 2000", the figures, letters and words "31st day of March, 2002" shall be substituted;

(c) in sub-section (5), in the second proviso to clauses (i) and (ii), for the figures, letters and words "31st day of March, 2000", the figures, letters and words "31st day of March, 2002" shall be substituted;

(d) after sub-section (8), the following sub-section shall be inserted, namely:—

"(8A) The amount of deduction in the case of any company carrying on scientific research and development shall be hundred per cent of the profits and gains of such business for a period of ten consecutive assessment years, beginning from the initial assess­ment year, if such company—

(i) is registered in India;

(ii) has its main object the scientific and industrial research and development;

(iii) is for the time being approved by the prescribed authority at any time after the 31st day of March, 2000 but before the 1st day of April, 2003;

(iv) fulfils such other conditions as may be prescribed;".

(e) in sub-section (10),—

(i) in the opening portion, for the words "approved by a local authority", the words, letters and figures "approved before the 31st day of March, 2001 by a local authority" shall be sub­stituted;

(ii) in clause (a), for the figures, letters and words "31st day of March, 2001", the figures, letters and words "31st day of March, 2003" shall be substituted.

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Section 39, The Finance Act, 2000.

Questions about Section 39

What does Section 39 of the Finance Act deal with?

Section 39 of the Finance Act is headed "Amendment of section 80-IB". Amendment of section 80-IB. 39. In section 80-IB of the Income-tax Act, with effect from the 1st day of April, 2001,— (a) in sub-section (3), in clause (ii), for the figures, letters and words "31st day of March, ", the figures, letters and words "31st day of March, " shall be substituted;

How do I find court cases under Section 39 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 2000 39, section 39 Finance Act 2000, section 39 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When was the Finance Act enacted?

Finance Act was enacted in 2000. 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.