Amendment of section 40

In force As on 07 Oct 2026

Ministry Finance Cited by 10 provisions

Section 10 of the Finance Act, 2019 (No. 2) deals with amendment of section 40. Amendment of section 40 10. In section 40 of the Income-tax Act, in clause (a), with effect from the 1st day of April, 2020,— (a) | in sub-clause (i), after the proviso, the following proviso shall be inserted, namely:— "Provided further that where an assessee fails to deduct the whole or any part o

Amendment of section 40
10. In section 40 of the Income-tax Act, in clause (a), with effect from the 1st day of April, 2020,—
(a) in sub-clause (i), after the proviso, the following proviso shall be inserted, namely:—
"Provided further that where an assessee fails to deduct the whole or any part of the tax in accordance with the provisions of Chapter XVII-B on any such sum but is not deemed to be an assessee in default under the first proviso to sub-section (1) of section 201, then, for the purposes of this sub-clause, it shall be deemed that the assessee has deducted and paid the tax on such sum on the date of furnishing of return of income by the payee referred to in the said proviso;";
(b) in sub-clause (ia), in the second proviso, the word "resident" shall be omitted.
Section 10, The Finance Act, 2019 (No. 2).

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Referred to by 10

Questions about Section 10

What does Section 10 of the Finance Act, 2019 (No. 2) deal with?

Section 10 of the Finance Act, 2019 (No. 2) is headed "Amendment of section 40". Amendment of section 40 10. In section 40 of the Income-tax Act, in clause (a), with effect from the 1st day of April, 2020,— (a) | in sub-clause (i), after the proviso, the following proviso shall be inserted, namely:— "Provided further that where an assessee fails to deduct the whole or any part o

How do I find court cases under Section 10 of the Finance Act, 2019 (No. 2)?

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, 2019 (No. 2) 10, section 10 Finance Act, 2019 (No. 2), section 10 of the Finance Act, 2019 (No. 2). 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 10 of the Finance Act, 2019 (No. 2), and has it changed?

Its own text turns on section 40 (Amendment of section 139A), section 201 (Insertion of new section 72A), Income-tax Act 40 (Amounts not deductible), so none of them can safely be read on its own. 10 other provisions in this corpus refer back to it.

When was the Finance Act, 2019 (No. 2) enacted?

Finance Act, 2019 (No. 2) was enacted in 2019. India Code records no commencement date for it. It is in force as at the date shown on this page.

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(a)		in sub-clause (i), after the proviso, the following proviso shall be inserted, namely:—
		"Provided further that where an assessee fails to deduct the whole or any part of the tax in accordance with the provisions of Chapter XVII-B on any such sum but is not deemed to be an assessee in default under the first proviso to sub-section (1) of section 201, then, for the purposes of this sub-clause, it shall be deemed that the assessee has deducted and paid the tax on such sum on the date of furnishing of return of income by the payee referred to in the said proviso;";
(b)		in sub-clause (ia), in the second proviso, the word "resident" shall be omitted.