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Section15
The Finance Act, 2017

Amendment of section 40A

In force As on 07 Oct 2026

Ministry Finance Enacted 17 Apr 2017 Cited by 2 provisions

Section 15 of the Finance Act, 2017 deals with amendment of section 40A. Amendment of section 40A. 15. In section 40A of the Income-tax Act,— (a) | in sub-section (2), in clause (a), in the proviso, after the words "Provided that", the words, figures and letters "for an assessment year commencing on or before the 1st day of April, " shall be inserted; The Act was enacted on 17 Apr 2017.

Amendment of section 40A.

15. In section 40A of the Income-tax Act,—

(a)in sub-section (2), in clause (a), in the proviso, after the words "Provided that", the words, figures and letters "for an assessment year commencing on or before the 1st day of April, 2016" shall be inserted;
(b)with effect from the 1st day of April, 2018,—
(A)in sub-section (3), for the words "exceeds twenty thousand rupees", the words "or use of electronic clearing system through a bank account, exceeds ten thousand rupees," shall be substituted;
(B)in sub-section (3A),—
(i)after the words "account payee bank draft,", the words "or use of electronic clearing system through a bank account" shall be inserted;
(ii)for the words "twenty thousand rupees", the words "ten thousand rupees" shall be substituted;
(iii)in the first proviso, for the words "exceeds twenty thousand rupees", the words "or use of electronic clearing system through a bank account, exceeds ten thousand rupees," shall be substituted;
(iv)in the second proviso, for the words "twenty thousand rupees", the words "ten thousand rupees" shall be substituted;
(C)in sub-section (4),—
(i)after the words "account payee bank draft", the words "or use of electronic clearing system through a bank account" shall be inserted;
(ii)after the words "such cheque or draft", the words "or electronic clearing system" shall be inserted.
Section 15, The Finance Act, 2017.

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. 40A Expenses or payments not deductible in certain circumstances

Referred to by 2

  1. s. 162 Amendment of Act 54 of 1987
  2. s. 179 Amendment of Act 51 of 1993

Questions about Section 15

What does Section 15 of the Finance Act deal with?

Section 15 of the Finance Act is headed "Amendment of section 40A". Amendment of section 40A. 15. In section 40A of the Income-tax Act,— (a) | in sub-section (2), in clause (a), in the proviso, after the words "Provided that", the words, figures and letters "for an assessment year commencing on or before the 1st day of April, " shall be inserted;

How do I find court cases under Section 15 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 2017 15, section 15 Finance Act 2017, section 15 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 15 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 40A (Expenses or payments not deductible in certain circumstances), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was Section 15 of the Finance Act enacted?

Section 15 of the Finance Act, cited as Finance Act 2017 15, was enacted on 17 Apr 2017. 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.