An Act to give effect to the financial proposals of the Central Government for the financial year 2026-2027.

Act 4 of 2026 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 2026

What this Act covers

The Finance Act for 2026. Its First Schedule carries the rates of income-tax for the year; the rest amends the Income-tax Act and the other fiscal statutes. The rate of tax for a year is fixed here and not in the Income-tax Act.

Sections

Type to filter. 167 sections.

1. 1Short title and commencement
2. 2Income-tax under Act 43 of 1961
3. 3Income-tax under Act 30 of 2025
4. 4Amendment of section 92CA
5. 5Amendment of section 139
6. 6Amendment of section 140B
7. 7Amendment of section 144B
8. 8Amendment of section 144C
9. 9Insertion of new section 147A
10. 10Amendment of section 148
11. 11Substitution of new section for section 150
12. 12Amendment of section 153
13. 13Amendment of section 153B
14. 14Amendment of section 220
15. 15Amendment of section 222
16. 16Insertion of new section 234-I
17. 17Amendment of section 245
18. 18Amendment of section 245MA
19. 19Amendment of section 254
20. 20Amendment of section 270A
21. 21Amendment of section 270AA
22. 22Amendment of section 274
23. 23Amendment of section 275A
24. 24Amendment of section 275B
25. 25Amendment of section 276
26. 26Substitution of new sections for sections 276B, 276BB, 276C, 276CC, 276CCC and 276D
27. 27Amendment of section 277
28. 28Amendment of section 277A
29. 29Amendment of section 278
30. 30Amendment of section 278A
31. 31Amendment of section 280
32. 32Insertion of new section 292BA
33. 33Insertion of new section 292BC
34. 34Amendment of Second Schedule
35. 35Amendment of section 2
36. 36Amendment of section 7
37. 37Amendment of section 21
38. 38Amendment of section 22
39. 39Amendment of section 29
40. 40Amendment of section 58
41. 41Amendment of section 66
42. 42Amendment of section 69
43. 43Amendment of section 70
44. 44Amendment of section 93
45. 45Amendment of section 99
46. 46Amendment of section 140
47. 47Amendment of section 147
48. 48Amendment of section 149
49. 49Substitution of new section for section 150
50. 50Amendment of section 162
51. 51Amendment of section 164
52. 52Amendment of section 165
53. 53Amendment of section 166
54. 54Amendment of section 169
55. 55Amendment of section 195
56. 56Amendment of section 202
57. 57Amendment of section 203
58. 58Amendment of section 204
59. 59Amendment of section 206
60. 60Substitution of new sections for sections 217 and 218
61. 61Amendment of section 227
62. 62Amendment of section 228
63. 63Amendment of section 232
64. 64Amendment of section 235
65. 65Amendment of section 262
66. 66Amendment of section 263
67. 67Amendment of section 266
68. 68Amendment of section 267
69. 69Amendment of section 270
70. 70Amendment of section 275
71. 71Amendment of section 279
72. 72Amendment of section 280
73. 73Substitution of new section for section 283
74. 74Amendment of section 286
75. 75Amendment of section 295
76. 76Amendment of section 296
77. 77Amendment of section 332
78. 78Amendment of section 349
79. 79Amendment of section 351
80. 80Amendment of section 352
81. 81Insertion of new section 354A
82. 82Amendment of section 363
83. 83Amendment of section 379
84. 84Amendment of section 393
85. 85Amendment of section 394
86. 86Amendment of section 395
87. 87Amendment of section 397
88. 88Amendment of section 399
89. 89Amendment of section 400
90. 90Amendment of section 402
91. 91Amendment of section 411
92. 92Amendment of section 413
93. 93Amendment of section 423
94. 94Amendment of section 424
95. 95Amendment of section 425
96. 96Substitution of new sections for sections 427 and 428
97. 97Amendment of section 438
98. 98Amendment of section 439
99. 99Amendment of section 440
100. 100Omission of section 443
101. 101Substitution of new section for section 446
102. 102Omission of section 447
103. 103Substitution of new section for section 454
104. 104Amendment of section 466
105. 105Amendment of section 467
106. 106Amendment of section 470
107. 107Amendment of section 471
108. 108Amendment of section 473
109. 109Amendment of section 474
110. 110Amendment of section 475
111. 111Amendment of section 476
112. 112Amendment of section 477
113. 113Amendment of section 478
114. 114Amendment of section 479
115. 115Substitution of new sections for sections 480 and 481
116. 116Amendment of section 482
117. 117Amendment of section 483
118. 118Amendment of section 484
119. 119Amendment of section 485
120. 120Amendment of section 494
121. 121Substitution of new section for section 522
122. 122Amendment of section 536
123. 123Amendment of Schedule III
124. 124Amendment of Schedule IV
125. 125Amendment of Schedule VI
126. 126Amendment of Schedule VII
127. 127Amendment of Schedule XI
128. 128Amendment of Schedule XII
129. 129Amendment of Schedule XIV
130. 130Short title and commencement
131. 131Definitions
132. 132Declaration by declarant
133. 133Amount payable by declarant
134. 134Manner of making declaration
135. 135Procedure relating to manner of payment
136. 136Any income or asset declared not to be included in total income
137. 137Any income or asset declared not to affect finality of completed assessments
138. 138Amount paid in pursuance of declaration non-refundable
139. 139Grant of immunity from penalty and prosecution
140. 140Non-application of Scheme
141. 141Effect of declaration on pending assessment proceedings
142. 142Power of Board to issue directions, etc
143. 143Power to make rules
144. 144Power to remove difficulties
145. 145Amendment of section 1
146. 146Amendment of section 2
147. 147Amendment of section 28
148. 148Amendment of section 28J
149. 149Insertion of new section 56A
150. 150Substitution of new section for section 67
151. 151Amendment of section 84
152. 152Amendment of First Schedule
153. 153Amendment of section 15
154. 154Amendment of section 34
155. 155Amendment of section 54
156. 156Amendment of section 101A
157. 157Amendment of section 13
158. 158Amendment of Seventh Schedule to Act 14 of 2001
159. 159Amendment of Act 23 of 2004
160. 160Amendment of Act 22 of 2015
161. 161Amendment of Act 7 of 2025
162. First Schedule-
163. Second Schedule-
164. Third Schedule-
165. Fourth Schedule-
166. Fifth Schedule-
167. Sixth Schedule-

Related Acts

• The Income-tax Rules, 2026332 sections
• The Income-tax Act, 2025535 sections
• The Finance Act, 2025153 sections
• The Health Security Se National Security Cess Act, 202539 sections
• The Finance Act, 2024 (No. 2)174 sections
• The Finance Act, 2024 (No. 1)13 sections
• The Finance Act, 2023181 sections
• The Finance Act, 2022134 sections

Provenance. 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.

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. Every one of the 167 sections of this Act has its own page. This page is not a substitute for legal advice.