Amendment of section 139A

In force Act 13 of 2018 As on 11 Oct 2026

Act 13 of 2018 Ministry Finance

Section 44 of the Finance Act, 2018 deals with amendment of section 139A. Amendment of section 139A. 44. In section 139A of the Income-tax Act,— (A) | in sub-section (1),— (a) | in clause (iv), the word "or" shall be inserted at the end;

Amendment of section 139A.
44. In section 139A of the Income-tax Act,—
(A) in sub-section (1),—
(a) in clause (iv), the word "or" shall be inserted at the end;
(b) after clause (iv), the following clauses shall be inserted, namely:—
"(v) being a resident, other than an individual, which enters into a financial transaction of an amount aggregating to two lakh fifty thousand rupees or more in a financial year; or
(vi) who is the managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or office bearer of the person referred to in clause (v) or any person competent to act on behalf of the person referred to in clause (v),";
(B) in the Explanation occurring after sub-section (8), in clause (c), the words "and issued in the form of a laminated card" shall be omitted.
Section 44, 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

Income-tax Act s. 139A Permanent account number

Questions about Section 44

What does Section 44 of the Finance Act deal with?

Section 44 of the Finance Act is headed "Amendment of section 139A". Amendment of section 139A. 44. In section 139A of the Income-tax Act,— (A) | in sub-section (1),— (a) | in clause (iv), the word "or" shall be inserted at the end;

How do I find court cases under Section 44 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 44, section 44 Finance Act 2018, section 44 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 44 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 139A (Permanent account number), so none of them can safely be read on its own.

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

First Schedule. INCOME-TAX8472 words
2. Income-tax4233 words
206. Amendment of Act 54 of 20001580 words
Second Schedule. Second Schedule1062 words
33. Insertion of new section 112A756 words
63. Amendment of section 28707 words

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(a)		in clause (iv), the word "or" shall be inserted at the end;
(b)		after clause (iv), the following clauses shall be inserted, namely:—

"(v)		being a resident, other than an individual, which enters into a financial transaction of an amount aggregating to two lakh fifty thousand rupees or more in a financial year; or
(vi)		who is the managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or office bearer of the person referred to in clause (v) or any person competent to act on behalf of the person referred to in clause (v),";