Amendment of section 143
Section 62 of the Finance Act, 2001 deals with amendment of section 143. Amendment of section 143. 62. In section 143 of the Income-tax Act, in sub-section (1), with effect from the 1st day of June, 2001,— (a) in the second proviso, for the words "two years from the end of the assessment year in which the income was first assessable", the words "one year from the end of
Amendment of section 143.
62. In section 143 of the Income-tax Act, in sub-section (1), with effect from the 1st day of June, 2001,—
(a) in the second proviso, for the words "two years from the end of the assessment year in which the income was first assessable", the words "one year from the end of the financial year in which the return is made" shall be substituted;
(b) after the second proviso, the following proviso shall be inserted, namely:—
"Provided also that where the return made is in respect of the income first assessable in the assessment year commencing on the 1st day of April, 1999, such intimation may be sent at any time up to the 31st day of March, 2002.".
© Copyright. Taxmann Publications Pvt. Ltd.
Section 62, The Finance Act, 2001.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 62
What does Section 62 of the Finance Act deal with?
Section 62 of the Finance Act is headed "Amendment of section 143". Amendment of section 143. 62. In section 143 of the Income-tax Act, in sub-section (1), with effect from the 1st day of June, 2001,— (a) in the second proviso, for the words "two years from the end of the assessment year in which the income was first assessable", the words "one year from the end of
How do I find court cases under Section 62 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 2001 62, section 62 Finance Act 2001, section 62 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 62 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 143 (Assessment), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2001. 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
- First Schedule. First Schedule5812 words
- 49. Substitution of new sections for section 922093 words
- 2. Income-tax1972 words
- 5. Amendment of section 101262 words
- 44. Amendment of section 80-IA857 words
- 52. Substitution of new section for section 115AC851 words
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.