Power to make rules

In force Act 4 of 2026 As on 05 Oct 2026

Act 4 of 2026 Ministry Finance Cited by 3 provisions

Section 143 of the Finance Act, 2026 deals with power to make rules. Power to make rules. 143. (1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the provisions of this Scheme.

Power to make rules.
143. (1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the provisions of this Scheme.
(2) Without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:—
(a) the form in which a declaration may be made and the manner of its verification under sub-section (1) of section [134];
(b) the form and manner in which order shall be passed under sub-section (1) of section [135];
(c) the manner of making payment under sub-section (2) of section [135];
(d) the form and manner of intimation of payment under sub-section (4) of section [135];
(e) the form and manner in which the order certifying the payment shall be communicated under sub-section (5) of section [135];
(f) the manner of calculating the value of the asset under this Scheme;
(g) the manner of calculating the amount payable under this Scheme;
(h) any other matter which is to be, or may be, prescribed, or in respect of which provision is to be made, by rules for carrying out the provisions of this Scheme.
(3) Every rule made by the Central Government under this Scheme shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days, which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.
Section 143, 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.

Referred to by 3

Questions about Section 143

What does Section 143 of the Finance Act deal with?

Section 143 of the Finance Act is headed "Power to make rules". Power to make rules. 143. (1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the provisions of this Scheme.

How do I find court cases under Section 143 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 143, section 143 Finance Act 2026, section 143 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 143 of the Finance Act, and has it changed?

3 other provisions in this corpus refer 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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(a)		the form in which a declaration may be made and the manner of its verification under sub-section (1) of section [134];
(b)		the form and manner in which order shall be passed under sub-section (1) of section [135];
(c)		the manner of making payment under sub-section (2) of section [135];
(d)		the form and manner of intimation of payment under sub-section (4) of section [135];
(e)		the form and manner in which the order certifying the payment shall be communicated under sub-section (5) of section [135];
(f)		the manner of calculating the value of the asset under this Scheme;
(g)		the manner of calculating the amount payable under this Scheme;
(h)		any other matter which is to be, or may be, prescribed, or in respect of which provision is to be made, by rules for carrying out the provisions of this Scheme.