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Section40
The Finance Act, 2014

Amendment of section 115JEE

In force Act 25 of 2014 As on 10 Oct 2026

Act 25 of 2014 Ministry Finance Cited by 2 provisions

Section 40 of the Finance Act, 2014 deals with amendment of section 115JEE. Amendment of section 115JEE. 40. In section 115JEE of the Income-tax Act, with effect from the 1st day of April, 2015,— (A) | in sub-section (1), for clause (b), the following clauses shall be substituted, namely:— "(b) section 10AA;

Amendment of section 115JEE.

40. In section 115JEE of the Income-tax Act, with effect from the 1st day of April, 2015,—

(A)in sub-section (1), for clause (b), the following clauses shall be substituted, namely:—
"(b) section 10AA; or
(c) section 35AD.";
(B)after sub-section (2), the following sub-section shall be inserted, namely:—
"(3) Notwithstanding anything contained in sub-section (1) or sub-section (2), the credit for tax paid under section 115JC shall be allowed in accordance with the provisions of section 115JD.".

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Section 40, The Finance Act, 2014 (Act 25 of 2014).

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. 115JEE Application of this Chapter to certain persons

Referred to by 2

  1. s. 14 Amendment of section 40
  2. s. First Schedule THE FIRST SCHEDULE

Questions about Section 40

What does Section 40 of the Finance Act deal with?

Section 40 of the Finance Act is headed "Amendment of section 115JEE". Amendment of section 115JEE. 40. In section 115JEE of the Income-tax Act, with effect from the 1st day of April, 2015,— (A) | in sub-section (1), for clause (b), the following clauses shall be substituted, namely:— "(b) section 10AA;

How do I find court cases under Section 40 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 2014 40, section 40 Finance Act 2014, section 40 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 40 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 115JEE (Application of this Chapter to certain persons), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2014 as Act 25 of 2014. 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.