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Section40
The Finance Act, 2025

Amendment of section 139

In force Act 7 of 2025 As on 11 Oct 2026

Act 7 of 2025 Ministry Finance Enacted 16 Aug 2025 Cited by 1 provision

Section 40 of the Finance Act, 2025 deals with amendment of section 139. Amendment of section 139. 40. In section 139 of the Income-tax Act, in sub-section (8A),— (a) | for the words "twenty-four months", the words "forty-eight months" shall be substituted; The Act was enacted on 16 Aug 2025.

Amendment of section 139.

40. In section 139 of the Income-tax Act, in sub-section (8A),—

(a)for the words "twenty-four months", the words "forty-eight months" shall be substituted;
(b)after the third proviso, the following provisos shall be inserted, namely:—
"Provided also that no updated return shall be furnished by any person where any notice to show-cause under section 148A has been issued in his case after thirty-six months from the end of the relevant assessment year:
Provided also that the fourth proviso shall not apply where an order is passed under sub-section (3) of section 148A determining that it is not a fit case to issue notice under section 148:".
Section 40, The Finance Act, 2025 (Act 7 of 2025).

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 Amendment of section 1
  2. s. 148 Definitions
  3. Income-tax Act s. 139 Return of income

Referred to by 1

  1. s. First Schedule First Schedule

Questions about Section 40

What does Section 40 of the Finance Act deal with?

Section 40 of the Finance Act is headed "Amendment of section 139". Amendment of section 139. 40. In section 139 of the Income-tax Act, in sub-section (8A),— (a) | for the words "twenty-four months", the words "forty-eight months" shall be substituted;

How do I find court cases under Section 40 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 2025 40, section 40 Finance Act 2025, section 40 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 40 of the Finance Act, and has it changed?

Its own text turns on section 139 (Amendment of section 1), section 148 (Definitions), Income-tax Act 139 (Return of income), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was Section 40 of the Finance Act enacted?

Section 40 of the Finance Act, cited as Finance Act 2025 40, was enacted on 16 Aug 2025 as Act 7 of 2025. 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.