# The Finance Act, 2026, Section 57: Amendment of section 203

- Act: The Finance Act, 2026 (Act 4 of 2026)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2026/section/57/

## Text

Amendment of section 203. 57. In section 203 of the Income-tax Act,— (a) | in sub-section (1), in clause (a), in sub-clause (i), after the word and figures "section 146", the word and figures "or 150" shall be inserted; (b) | after sub-section (6), the following sub-section shall be inserted, namely:— "(7) In case of an assessee, being a co-operative society, which has exercised option under sub-section (5), the requirements contained in sub-section (1) shall be modified to the extent that the deduction under section 149(2)(d)(ii) shall be available to such assessee as does not exceed the amount of dividend distributed by it to its members at least one month before the due date for filing the return of income under section 263(1).".

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