# The Finance Act, 2019 (No. 2), Section 67: Amendment of section 285BA

- Act: The Finance Act, 2019 (No. 2)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/67/

## Text

Amendment of section 285BA 67. In section 285BA of the Income-tax Act, with effect from the 1st day of September, 2019,— (i) | in sub-section (1), for clause (k), the following clauses shall be substituted, namely:— "(k) | a prescribed reporting financial institution; or (l) | a person, other than those referred to in clauses (a) to (k), as may be prescribed,"; (ii) | in sub-section (3), the second proviso shall be omitted; (iii) | in sub-section (4), for the words "such statement shall be treated as an invalid statement and the provisions of this Act shall apply as if such person had failed to furnish the statement", the words "the provisions of this Act shall apply as if such person had furnished inaccurate information in the statement" shall be substituted.

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