Amendment of section 145

In force Act 25 of 2014 As on 05 Oct 2026

Act 25 of 2014 Ministry Finance

Section 52 of the Finance Act, 2014 deals with amendment of section 145. Amendment of section 145. 52. In section 145 of the Income-tax Act, with effect from the 1st day of April, 2015,— (i) | in sub-section (2), for the words "accounting standards", the words "income computation and disclosure standards" shall be substituted;

Amendment of section 145.
52. In section 145 of the Income-tax Act, with effect from the 1st day of April, 2015,—
(i) in sub-section (2), for the words "accounting standards", the words "income computation and disclosure standards" shall be substituted;
(ii) in sub-section (3), for the words, brackets and figure "or accounting standards as notified under sub-section (2), have not been regularly followed by the assessee", the words, brackets and figure "has not been regularly followed by the assessee, or income has not been computed in accordance with the standards notified under sub-section (2)" shall be substituted.
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Section 52, 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

Income-tax Act s. 145 Method of accounting

Questions about Section 52

What does Section 52 of the Finance Act deal with?

Section 52 of the Finance Act is headed "Amendment of section 145". Amendment of section 145. 52. In section 145 of the Income-tax Act, with effect from the 1st day of April, 2015,— (i) | in sub-section (2), for the words "accounting standards", the words "income computation and disclosure standards" shall be substituted;

How do I find court cases under Section 52 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 52, section 52 Finance Act 2014, section 52 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 52 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 145 (Method of accounting), so none of them can safely be read on its own.

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

First Schedule. THE FIRST SCHEDULE7973 words
2. Income-tax3522 words
114. Amendment of Act 32 of 19941078 words
3. Amendment of section 21041 words
Seventh Schedule. THE SEVENTH SCHEDULE908 words
76. Substitution of new section for section 285BA878 words

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(i)		in sub-section (2), for the words "accounting standards", the words "income computation and disclosure standards" shall be substituted;
(ii)		in sub-section (3), for the words, brackets and figure "or accounting standards as notified under sub-section (2), have not been regularly followed by the assessee", the words, brackets and figure "has not been regularly followed by the assessee, or income has not been computed in accordance with the standards notified under sub-section (2)" shall be substituted.