Amendment of section 11

In force Act 20 of 2015 As on 06 Oct 2026

Act 20 of 2015 Ministry Finance Cited by 2 provisions

Section 8 of the Finance Act, 2015 deals with amendment of section 11. Amendment of section 11. 8. In section 11 of the Income-tax Act, with effect from the 1st day of April, 2016,— (I) | in sub-section (1), in Explanation, in clause (2), after sub-clause (b), in the long line, for the brackets and words "(such option to be exercised in writing before the expiry of the

Amendment of section 11.
8. In section 11 of the Income-tax Act, with effect from the 1st day of April, 2016,—
(I) in sub-section (1), in Explanation, in clause (2), after sub-clause (b), in the long line, for the brackets and words "(such option to be exercised in writing before the expiry of the time allowed under sub-section (1) of section 139 for furnishing the return of income)", the brackets and figures words "(such option to be excercised before the expiry of the time allowed under sub-section (1) of section 139 for furnishing the return of income, in such form and manner as may be prescribed)" shall be substituted;
(II) in sub-section (2), for clauses (a) and (b)and the first and second provisos, the following shall be substituted, namely:—
"(a) such person furnishes a statement in the prescribed form and in the prescribed manner to the Assessing Officer, stating the purpose for which the income is being accumulated or set apart and the period for which the income is to be accumulated or set apart, which shall in no case exceed five years;
(b) the money so accumulated or set apart is invested or deposited in the forms or modes specified in sub-section (5);
(c) the statement referred to in clause (a) is furnished on or before the due date specified under sub-section (1) of section 139 for furnishing the return of income for the previous year:
Provided that in computing the period of five years referred to in clause (a), the period during which the income could not be applied for the purpose for which it is so accumulated or set apart, due to an order or injunction of any court, shall be excluded.".
Section 8, The Finance Act, 2015 (Act 20 of 2015).

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Referred to by 2

Questions about Section 8

What does Section 8 of the Finance Act deal with?

Section 8 of the Finance Act is headed "Amendment of section 11". Amendment of section 11. 8. In section 11 of the Income-tax Act, with effect from the 1st day of April, 2016,— (I) | in sub-section (1), in Explanation, in clause (2), after sub-clause (b), in the long line, for the brackets and words "(such option to be exercised in writing before the expiry of the

How do I find court cases under Section 8 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 2015 8, section 8 Finance Act 2015, section 8 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 8 of the Finance Act, and has it changed?

Its own text turns on section 11 (Insertion of new section 32AD), section 139 (Amendment of section 6), Income-tax Act 11 (Income from property held for charitable or religious purposes), 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 2015 as Act 20 of 2015. 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 Schedule8029 words
Fifth Schedule. Fifth Schedule4392 words
2. Income-tax3525 words
94. Substitution of new section for section 11AC1125 words
6. Insertion of new section 9A1095 words
5. Amendment of section 91039 words

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(I)		in sub-section (1), in Explanation, in clause (2), after sub-clause (b), in the long line, for the brackets and words "(such option to be exercised in writing before the expiry of the time allowed under sub-section (1) of section 139 for furnishing the return of income)", the brackets and figures words "(such option to be excercised before the expiry of the time allowed under sub-section (1) of section 139 for furnishing the return of income, in such form and manner as may be prescribed)" shall be substituted;
(II)		in sub-section (2), for clauses (a) and (b)and the first and second provisos, the following shall be substituted, namely:—

"(a)		such person furnishes a statement in the prescribed form and in the prescribed manner to the Assessing Officer, stating the purpose for which the income is being accumulated or set apart and the period for which the income is to be accumulated or set apart, which shall in no case exceed five years;
(b)		the money so accumulated or set apart is invested or deposited in the forms or modes specified in sub-section (5);
(c)		the statement referred to in clause (a) is furnished on or before the due date specified under sub-section (1) of section 139 for furnishing the return of income for the previous year: