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Section22
The Finance Act, 2016

Amendment of section 40

In force As on 10 Oct 2026

Ministry Finance Enacted 27 Jun 2016 Cited by 1 provision

Section 22 of the Finance Act, 2016 deals with amendment of section 40. Amendment of section 40. 22. In section 40 of the Income-tax Act, in clause (a), after sub-clause (ia), the following sub-clause shall be inserted with effect from the 1st day of June, 2016, namely:— "(ib) | any consideration paid or payable to a non-resident for a specified service on which equalis The Act was enacted on 27 Jun 2016.

Amendment of section 40.

22. In section 40 of the Income-tax Act, in clause (a), after sub-clause (ia), the following sub-clause shall be inserted with effect from the 1st day of June, 2016, namely:—

"(ib)any consideration paid or payable to a non-resident for a specified service on which equalisation levy is deductible under the provisions of Chapter VIII of the Finance Act, 2016, and such levy has not been deducted or after deduction, has not been paid on or before the due date specified in sub-section (1) of section 139:
Provided that where in respect of any such consideration, the equalisation levy has been deducted in any subsequent year or has been deducted during the previous year but paid after the due date specified in sub-section (1) of section 139, such sum shall be allowed as a deduction in computing the income of the previous year in which such levy has been paid;".
Section 22, The Finance Act, 2016.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 40 Amendment of section 80-IA
  2. s. 139 Amendment of notifications issued under section 25 of Act 52 of 1962
  3. Income-tax Act s. 40 Amounts not deductible

Referred to by 1

  1. s. Fifteenth Schedule Fifteenth Schedule

Questions about Section 22

What does Section 22 of the Finance Act deal with?

Section 22 of the Finance Act is headed "Amendment of section 40". Amendment of section 40. 22. In section 40 of the Income-tax Act, in clause (a), after sub-clause (ia), the following sub-clause shall be inserted with effect from the 1st day of June, 2016, namely:— "(ib) | any consideration paid or payable to a non-resident for a specified service on which equalis

How do I find court cases under Section 22 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 2016 22, section 22 Finance Act 2016, section 22 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 22 of the Finance Act, and has it changed?

Its own text turns on section 40 (Amendment of section 80-IA), section 139 (Amendment of notifications issued under section 25 of Act 52 of 1962), Income-tax Act 40 (Amounts not deductible), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was Section 22 of the Finance Act enacted?

Section 22 of the Finance Act, cited as Finance Act 2016 22, was enacted on 27 Jun 2016. 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.