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Section40
The Finance Act, 2018

Amendment of section 115-O

In force Act 13 of 2018 As on 11 Oct 2026

Act 13 of 2018 Ministry Finance Cited by 4 provisions

Section 40 of the Finance Act, 2018 deals with amendment of section 115-O. Amendment of section 115-O. 40. In section 115-O of the Income-tax Act,— (a) | in sub-section (1), the following proviso shall be inserted, namely:— 'Provided that in respect of dividend referred to in sub-clause (e) of clause (22) of section 2, this sub-section shall have effect as if for the words

Amendment of section 115-O.

40. In section 115-O of the Income-tax Act,—

(a)in sub-section (1), the following proviso shall be inserted, namely:—
'Provided that in respect of dividend referred to in sub-clause (e) of clause (22) of section 2, this sub-section shall have effect as if for the words "fifteen per cent", the words "thirty per cent" had been substituted;';
(b)in sub-section (1B), the following proviso shall be inserted, namely:—
"Provided that this sub-section shall not apply in respect of dividend referred to in sub-clause (e) of clause (22) of section 2.".
Section 40, The Finance Act, 2018 (Act 13 of 2018).

Cross-references

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

This section refers to

  1. s. 2 Income-tax
  2. s. 115 Amendment of short title

Referred to by 4

  1. s. 5 Amendment of section 10
  2. s. 6 Amendment of section 11
  3. s. 174 Amendment of section 40
  4. s. First Schedule INCOME-TAX

Questions about Section 40

What does Section 40 of the Finance Act deal with?

Section 40 of the Finance Act is headed "Amendment of section 115-O". Amendment of section 115-O. 40. In section 115-O of the Income-tax Act,— (a) | in sub-section (1), the following proviso shall be inserted, namely:— 'Provided that in respect of dividend referred to in sub-clause (e) of clause (22) of section 2, this sub-section shall have effect as if for the words

How do I find court cases under Section 40 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 2018 40, section 40 Finance Act 2018, section 40 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 40 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), section 115 (Amendment of short title), so none of them can safely be read on its own. 4 other provisions in this corpus refer back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2018 as Act 13 of 2018. 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

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.