eCourtsIndia
IndiaCode Laws
Section67
The Finance Act, 2019 (No. 2)

Amendment of section 285BA

In force As on 07 Oct 2026

Ministry Finance

Section 67 of the Finance Act, 2019 (No. 2) deals with amendment of section 285BA. 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;

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.
Section 67, 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. Income-tax Act s. 285BA Obligation to furnish statement of financial transaction or reportable account

Questions about Section 67

What does Section 67 of the Finance Act, 2019 (No. 2) deal with?

Section 67 of the Finance Act, 2019 (No. 2) is headed "Amendment of section 285BA". 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;

How do I find court cases under Section 67 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) 67, section 67 Finance Act, 2019 (No. 2), section 67 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 67 of the Finance Act, 2019 (No. 2), and has it changed?

Its own text turns on Income-tax Act 285BA (Obligation to furnish statement of financial transaction or reportable account), so none of them can safely be read on its own.

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.