Amendment of section 234F
Section 60 of the Finance Act, 2021 deals with amendment of section 234F. Amendment of section 234F. 60. In section 234F of the Income-tax Act, for sub-section (1), the following sub-section shall be substituted, namely:— "(1) Without prejudice to the provisions of this Act, where a person required to furnish a return of income under section 139, fails to do so within the
Amendment of section 234F.
60. In section 234F of the Income-tax Act, for sub-section (1), the following sub-section shall be substituted, namely:—
"(1) Without prejudice to the provisions of this Act, where a person required to furnish a return of income under section 139, fails to do so within the time prescribed in sub-section (1) of the said section, he shall pay, by way of a fee, a sum of five thousand rupees :
Provided that if the total income of the person does not exceed five lakh rupees, the fee payable under this section shall not exceed one thousand rupees.".
Section 60, The Finance Act, 2021.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 60
What does Section 60 of the Finance Act deal with?
Section 60 of the Finance Act is headed "Amendment of section 234F". Amendment of section 234F. 60. In section 234F of the Income-tax Act, for sub-section (1), the following sub-section shall be substituted, namely:— "(1) Without prejudice to the provisions of this Act, where a person required to furnish a return of income under section 139, fails to do so within the
How do I find court cases under Section 60 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 2021 60, section 60 Finance Act 2021, section 60 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 60 of the Finance Act, and has it changed?
Its own text turns on section 139 (Amendment of section 27), Income-tax Act 234F (Fee for default in furnishing return of income), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2021. 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
- Fourth Schedule. Fourth Schedule26628 words
- First Schedule. First Schedule9574 words
- 2. Income-tax5993 words
- 6. Amendment of section 103582 words
- 130. Substitution of new section for section 43513 words
- 131. Substitution of new section for section 52699 words
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