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Section57
The Finance Act, 2020

Amendment of Section 115JC

In force As on 11 Oct 2026

Ministry Finance Cited by 2 provisions

Section 57 of the Finance Act, 2020 deals with amendment of Section 115JC. Amendment of section 115JC. 57. In section 115JC of the Income-tax Act,— (i) | in sub-section (3), for the portion beginning with the words "in such form" and ending with the word and figures "section ", the words, figures and letters "before the specified date referred to in section 44AB, in such f

Amendment of section 115JC.

57. In section 115JC of the Income-tax Act,—

(i)in sub-section (3), for the portion beginning with the words "in such form" and ending with the word and figures "section 139", the words, figures and letters "before the specified date referred to in section 44AB, in such form as may be prescribed, from an accountant referred to in the Explanation below sub-section (2) of section 288, certifying that the adjusted total income and the alternate minimum tax have been computed in accordance with the provisions of this Chapter and furnish such report by that date" shall be substituted;
(ii)after sub-section (4), the following sub-section shall be inserted, with effect from the 1st day of April, 2021, namely:—
"(5) The provisions of this section shall not apply to a person who has exercised the option referred to in section 115BAC or section 115BAD.".
Section 57, 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. s. 139 Restrospective exemption from, or levy or collection of, Union territory tax in certain cases
  2. Income-tax Act s. 115JC Special provisions for payment of tax by certain persons other than a company

Referred to by 2

  1. s. 30 Amendment of Section 57
  2. s. 53 Insertion of new sections 115BAC and 115BAD

Questions about Section 57

What does Section 57 of the Finance Act deal with?

Section 57 of the Finance Act is headed "Amendment of Section 115JC". Amendment of section 115JC. 57. In section 115JC of the Income-tax Act,— (i) | in sub-section (3), for the portion beginning with the words "in such form" and ending with the word and figures "section ", the words, figures and letters "before the specified date referred to in section 44AB, in such f

How do I find court cases under Section 57 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 57, section 57 Finance Act 2020, section 57 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 57 of the Finance Act, and has it changed?

Its own text turns on section 139 (Restrospective exemption from, or levy or collection of, Union territory tax in certain cases), Income-tax Act 115JC (Special provisions for payment of tax by certain persons other than a company), so none of them can safely be read on its own. 2 other provisions in this corpus refer 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.