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Section39
The Finance Act, 2019 (No. 2)

Amendment of section 139

In force As on 07 Oct 2026

Ministry Finance Cited by 3 provisions

Section 39 of the Finance Act, 2019 (No. 2) deals with amendment of section 139. Amendment of section 139 39. In section 139 of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2020,— (a) | in the sixth proviso, after the word, figures and letters "section 10BA", the words, figures and letters "or section 54 or section 54B or section 54D or section

Amendment of section 139

39. In section 139 of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2020,—

(a)in the sixth proviso, after the word, figures and letters "section 10BA", the words, figures and letters "or section 54 or section 54B or section 54D or section 54EC or section 54F or section 54G or section 54GA or section 54GB" shall be inserted;
(b)after the sixth proviso, and before Explanation 1 the following proviso shall be inserted, namely:—
"Provided also that a person referred to in clause (b), who is not required to furnish a return under this sub-section, and who during the previous year—
(i)has deposited an amount or aggregate of the amounts exceeding one crore rupees in one or more current accounts maintained with a banking company or a co-operative bank; or
(ii)has incurred expenditure of an amount or aggregate of the amounts exceeding two lakh rupees for himself or any other person for travel to a foreign country; or
(iii)has incurred expenditure of an amount or aggregate of the amounts exceeding one lakh rupees towards consumption of electricity; or
(iv)fulfils such other conditions as may be prescribed,
shall furnish a return of his income on or before the due date in such form and verified in such manner and setting forth such other particulars, as may be prescribed.";
(c)after Explanation 5, the following Explanation shall be inserted, namely:—
'Explanation 6.—For the purposes of this sub-section,—
(a)"banking company" shall have the meaning assigned to it in clause (i) of the Explanation to section 269SS;
(b)"co-operative bank" shall have the meaning assigned to it in clause (ii) of the Explanation to section 269SS.'.
Section 39, The Finance Act, 2019 (No. 2).

Cross-references

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

This section refers to

  1. s. 54 Amendment of section 234B
  2. s. 139 Insertion of new section 45MAA
  3. Income-tax Act s. 139 Return of income

Referred to by 3

  1. s. 97 Amendment of section 39
  2. s. 100 Amendment of section 50
  3. s. 111 Amendment of section 168

Questions about Section 39

What does Section 39 of the Finance Act, 2019 (No. 2) deal with?

Section 39 of the Finance Act, 2019 (No. 2) is headed "Amendment of section 139". Amendment of section 139 39. In section 139 of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2020,— (a) | in the sixth proviso, after the word, figures and letters "section 10BA", the words, figures and letters "or section 54 or section 54B or section 54D or section

How do I find court cases under Section 39 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) 39, section 39 Finance Act, 2019 (No. 2), section 39 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 39 of the Finance Act, 2019 (No. 2), and has it changed?

Its own text turns on section 54 (Amendment of section 234B), section 139 (Insertion of new section 45MAA), Income-tax Act 139 (Return of income), 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, 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.

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.