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Section45
The Finance Act, 2018

Amendment of section 140

In force Act 13 of 2018 As on 05 Oct 2026

Act 13 of 2018 Ministry Finance Cited by 3 provisions

Section 45 of the Finance Act, 2018 deals with amendment of section 140. Amendment of section 140. 45. In section 140 of the Income-tax Act, in clause (c), in the second proviso,— (A) | in clause (b), after the words "principal officer thereof;" occurring at the end, the word "or" shall be inserted;

Amendment of section 140.

45. In section 140 of the Income-tax Act, in clause (c), in the second proviso,—

(A)in clause (b), after the words "principal officer thereof;" occurring at the end, the word "or" shall be inserted;
(B)after clause (b), the following shall be inserted, namely:—
'(c)where in respect of a company, an application for corporate insolvency resolution process has been admitted by the Adjudicating Authority under section 7 or section 9 or section 10 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the return shall be verified by the insolvency professional appointed by such Adjudicating Authority.
Explanation.—For the purposes of this clause the expressions "insolvency professional" and "Adjudicating Authority" shall have the respective meanings assigned to them in clause (18) of section 3 and clause (1) of section 5 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016);'.
Section 45, 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. 3 Amendment of section 2
  2. s. 7 Amendment of section 16
  3. s. 9 Amendment of section 28
  4. s. 140 Amendment of section 3 of Act 20 of 1953
  5. Income-tax Act s. 140 Return by whom to be verified
  6. Insolvency and Bankruptcy Code s. 5 Definitions
  7. Insolvency and Bankruptcy Code s. 10 Initiation of corporate insolvency resolution process by corporate applicant

Referred to by 3

  1. s. 75 Amendment of section 45
  2. s. 90 Insertion of new Chapter XIIA
  3. s. 208 Amendments of Act 15 of 2003

Questions about Section 45

What does Section 45 of the Finance Act deal with?

Section 45 of the Finance Act is headed "Amendment of section 140". Amendment of section 140. 45. In section 140 of the Income-tax Act, in clause (c), in the second proviso,— (A) | in clause (b), after the words "principal officer thereof;" occurring at the end, the word "or" shall be inserted;

How do I find court cases under Section 45 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 45, section 45 Finance Act 2018, section 45 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 45 of the Finance Act, and has it changed?

Its own text turns on section 3 (Amendment of section 2), section 7 (Amendment of section 16), section 9 (Amendment of section 28), section 140 (Amendment of section 3 of Act 20 of 1953), and on 3 further provisions, so none of them can safely be read on its own. 3 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.