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Section21
The Finance Act, 2003

Amendment of section 43B

In force As on 13 Oct 2026

Ministry Finance

Section 21 of the Finance Act, 2003 deals with amendment of section 43B. Amendment of section 43B. 21. In section 43B of the Income-tax Act, with effect from the 1st day of April, 2004,— (a ) in clause (e),— (i) for the words "term loan", the words "loan or advances" shall be substituted;

Amendment of section 43B.

21. In section 43B of the Income-tax Act, with effect from the 1st day of April, 2004,—

(a ) in clause (e),—

(i) for the words "term loan", the words "loan or advances" shall be substituted;

(ii) for the words "such loan", the words "such loan or advances" shall be substituted;

(b ) in the first proviso, the words, brackets and letters "referred to in clause (a) or clause (c) or clause (d) or clause (e ) or clause (f)" shall be omitted;

(c ) the second proviso shall be omitted.

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Section 21, The Finance Act, 2003.

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. 43B Certain deductions to be only on actual payment

Questions about Section 21

What does Section 21 of the Finance Act deal with?

Section 21 of the Finance Act is headed "Amendment of section 43B". Amendment of section 43B. 21. In section 43B of the Income-tax Act, with effect from the 1st day of April, 2004,— (a ) in clause (e),— (i) for the words "term loan", the words "loan or advances" shall be substituted;

How do I find court cases under Section 21 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 2003 21, section 21 Finance Act 2003, section 21 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 21 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 43B (Certain deductions to be only on actual payment), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2003. 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.