Amendment of section 143

Q: When was Section 58 of the Finance Act enacted?

Section 58 of the Finance Act, cited as Finance Act 2017 58, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.

In force As on 07 Oct 2026

Ministry Finance Enacted 17 Apr 2017 Cited by 2 provisions

Section 58 of the Finance Act, 2017 deals with amendment of section 143. Amendment of section 143. 58. In section 143 of the Income-tax Act,— (a) | in sub-section (1), with effect from the 1st day of April, 2018,— (i) | in clause (b), for the words "and interest", the words ", interest and fee" shall be substituted; The Act was enacted on 17 Apr 2017.

Amendment of section 143.
58. In section 143 of the Income-tax Act,—
(a) in sub-section (1), with effect from the 1st day of April, 2018,—
(i) in clause (b), for the words "and interest", the words ", interest and fee" shall be substituted;
(ii) in clause (c),—
(A) for the words "and interest", the words ", interest and fee" shall be substituted;
(B) for the words "or interest", the words ", interest or fee" shall be substituted;
(iii) in the first proviso, for the words "or interest", the words ", interest or fee" shall be substituted;
(b) for sub-section (1D) [as substituted by section 68 of the Finance Act, 2016 (28 of 2016)], the following shall be substituted, namely:—
"(1D) Notwithstanding anything contained in sub-section (1), the processing of a return shall not be necessary, where a notice has been issued to the assessee under sub-section (2):
Provided that the provisions of this sub-section shall not apply to any return furnished for the assessment year commencing on or after the 1st day of April, 2017.".
(c) in sub-section (3), for the portion beginning with the words "On the day specified in the notice" and ending with the words, brackets and letters "issued under clause (ii) of", the words "On the day specified in the notice issued under" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of June, 2016.
Section 58, The Finance Act, 2017.

Cross-references

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

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Referred to by 2

Questions about Section 58

What does Section 58 of the Finance Act deal with?

Section 58 of the Finance Act is headed "Amendment of section 143". Amendment of section 143. 58. In section 143 of the Income-tax Act,— (a) | in sub-section (1), with effect from the 1st day of April, 2018,— (i) | in clause (b), for the words "and interest", the words ", interest and fee" shall be substituted;

How do I find court cases under Section 58 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 58, section 58 Finance Act 2017, section 58 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 58 of the Finance Act, and has it changed?

Its own text turns on Finance Act 68 (Amendment of section 143), section 143 (Savings), Income-tax Act 143 (Assessment), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was Section 58 of the Finance Act enacted?

Section 58 of the Finance Act, cited as Finance Act 2017 58, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.

Other sections of this Act

First Schedule. Income-tax8321 words
2. Income-tax4071 words
148. Amendment of Chapter VIB1616 words
47. Amendment of section 115JB1176 words
6. Amendment of section 10856 words
Sixth Schedule. Sixth Schedule820 words

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(i)		in clause (b), for the words "and interest", the words ", interest and fee" shall be substituted;
(ii)		in clause (c),—

(A)		for the words "and interest", the words ", interest and fee" shall be substituted;
(B)		for the words "or interest", the words ", interest or fee" shall be substituted;

(b)		for sub-section (1D) [as substituted by section 68 of the Finance Act, 2016 (28 of 2016)], the following shall be substituted, namely:—
		"(1D) Notwithstanding anything contained in sub-section (1), the processing of a return shall not be necessary, where a notice has been issued to the assessee under sub-section (2):
		Provided that the provisions of this sub-section shall not apply to any return furnished for the assessment year commencing on or after the 1st day of April, 2017.".
(c)		in sub-section (3), for the portion beginning with the words "On the day specified in the notice" and ending with the words, brackets and letters "issued under clause (ii) of", the words "On the day specified in the notice issued under" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of June, 2016.