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Section18
The Finance Act, 2020

Amendment of Section 35AD

In force As on 11 Oct 2026

Ministry Finance Cited by 1 provision

Section 18 of the Finance Act, 2020 deals with amendment of Section 35AD. Amendment of section 35AD. 18. In section 35AD of the Income-tax Act,— (i) | in sub-section (1), for the words "An assessee shall", the words "An assessee shall, if he opts," shall be substituted;

Amendment of section 35AD.

18. In section 35AD of the Income-tax Act,—

(i)in sub-section (1), for the words "An assessee shall", the words "An assessee shall, if he opts," shall be substituted;
(ii)in sub-section (4), after the words "in any other previous year", the words ", if the deduction has been claimed or opted by the assessee and allowed to him under this section" shall be inserted.
Section 18, The Finance Act, 2020.

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. 35AD Deduction in respect of expenditure on specified business

Referred to by 1

  1. s. 110 Insertion of New Chapter VAA

Questions about Section 18

What does Section 18 of the Finance Act deal with?

Section 18 of the Finance Act is headed "Amendment of Section 35AD". Amendment of section 35AD. 18. In section 35AD of the Income-tax Act,— (i) | in sub-section (1), for the words "An assessee shall", the words "An assessee shall, if he opts," shall be substituted;

How do I find court cases under Section 18 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 2020 18, section 18 Finance Act 2020, section 18 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 18 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 35AD (Deduction in respect of expenditure on specified business), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2020. 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.