Amendment of section 140B

In force Act 8 of 2023 As on 11 Oct 2026

Act 8 of 2023 Ministry Finance

Section 70 of the Finance Act, 2023 deals with amendment of section 140B. Amendment of section 140B. 70. In section 140B of the Income-tax Act, in sub-section (4), with effect from the 1st day of April, 2022,— (i) | in the opening portion, the words "or, as the case may be, on the amount by which the advance tax paid falls short of the assessed tax," shall be omitted and

Amendment of section 140B.
70. In section 140B of the Income-tax Act, in sub-section (4), with effect from the 1st day of April, 2022,—
(i) in the opening portion, the words "or, as the case may be, on the amount by which the advance tax paid falls short of the assessed tax," shall be omitted and shall be deemed to have been omitted;
(ii) in clause (a), in sub-clause (i), after the words "earlier return", the words ", if any" shall be inserted and shall be deemed to have been inserted.
Section 70, The Finance Act, 2023 (Act 8 of 2023).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

Income-tax Act s. 140B Tax on updated return

Questions about Section 70

What does Section 70 of the Finance Act deal with?

Section 70 of the Finance Act is headed "Amendment of section 140B". Amendment of section 140B. 70. In section 140B of the Income-tax Act, in sub-section (4), with effect from the 1st day of April, 2022,— (i) | in the opening portion, the words "or, as the case may be, on the amount by which the advance tax paid falls short of the assessed tax," shall be omitted and

How do I find court cases under Section 70 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 2023 70, section 70 Finance Act 2023, section 70 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 70 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 140B (Tax on updated return), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2023 as Act 8 of 2023. 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

First Schedule. First Schedule10190 words
2. Income-tax8337 words
Fourth Schedule. Fourth Schedule6615 words
5. Amendment of section 102717 words
150. Substitution of new section for section 1101621 words
54. Insertion of new section 115BAE1218 words

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(i)		in the opening portion, the words "or, as the case may be, on the amount by which the advance tax paid falls short of the assessed tax," shall be omitted and shall be deemed to have been omitted;
(ii)		in clause (a), in sub-clause (i), after the words "earlier return", the words ", if any" shall be inserted and shall be deemed to have been inserted.