Amendment of Schedule XIV

In force Act 4 of 2026 As on 09 Oct 2026

Act 4 of 2026 Ministry Finance Cited by 1 provision

Section 129 of the Finance Act, 2026 deals with amendment of Schedule XIV. Amendment of Schedule XIV. 129. In Schedule XIV to the Income-tax Act, in paragraph 4,— (i) | in sub-paragraph (7), in clause (a), for the words "this rule", the words "this paragraph" shall be substituted;

Amendment of Schedule XIV.
129. In Schedule XIV to the Income-tax Act, in paragraph 4,—
(i) in sub-paragraph (7), in clause (a), for the words "this rule", the words "this paragraph" shall be substituted;
(ii) after sub-paragraph (2), the following sub-paragraph shall be inserted, namely:—
"(3) The amount not deductible under sub-clause (i) or (ii) of section 35(b), which is added under sub-paragraph (1)(a), shall be allowed subsequently as a deduction in a tax year in accordance with the provisions of the said sub-clause, as the case may be.".
Section 129, The Finance Act, 2026 (Act 4 of 2026).

Cross-references

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

This section refers to

s. 35 Amendment of section 2

Referred to by 1

s. 1 Short title and commencement

Questions about Section 129

What does Section 129 of the Finance Act deal with?

Section 129 of the Finance Act is headed "Amendment of Schedule XIV". Amendment of Schedule XIV. 129. In Schedule XIV to the Income-tax Act, in paragraph 4,— (i) | in sub-paragraph (7), in clause (a), for the words "this rule", the words "this paragraph" shall be substituted;

How do I find court cases under Section 129 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 2026 129, section 129 Finance Act 2026, section 129 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 129 of the Finance Act, and has it changed?

Its own text turns on section 35 (Amendment of section 2), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2026 as Act 4 of 2026. 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. -11686 words
3. Income-tax under Act 30 of 20258033 words
Fourth Schedule. -4078 words
2. Income-tax under Act 43 of 19612736 words
26. Substitution of new sections for sections 276B, 276BB, 276C, 276CC, 276CCC and 276D1437 words
Fifth Schedule. -1363 words

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(i)		in sub-paragraph (7), in clause (a), for the words "this rule", the words "this paragraph" shall be substituted;
(ii)		after sub-paragraph (2), the following sub-paragraph shall be inserted, namely:—
		"(3) The amount not deductible under sub-clause (i) or (ii) of section 35(b), which is added under sub-paragraph (1)(a), shall be allowed subsequently as a deduction in a tax year in accordance with the provisions of the said sub-clause, as the case may be.".