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TypeBare Act JurisdictionCentral Government

Finance Act, 2010 Section 12

Amendment of Section 40

~1 min read
https://sooperkanoon.com/act/441686

Bare act section · Research

About this section

Finance Act, 2010 Section 12 is part of Finance Act, 2010 - Amendment of Section 40. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 40 of the Income-tax Act, in clause (a), in sub-clause (ia),--

(a) for the portion beginning with the words "has not been paid,--" and ending with the words "the last day of the previous year", the words, brackets and figures "has not been paid on or before the due date specified in sub-section (1) of section 139" shall be substituted;

(b) for the proviso, the following proviso shall be substituted, namely:--

"Provided that where in respect of any such sum, tax has been deducted in any subsequent year, or has been deducted during the previous year but paid after the due date specified in sub-section (1) of section 139, such sum shall be allowed as a deduction in computing the income of the previous year in which such tax has been paid.".

Frequently asked questions

What does Finance Act, 2010 Section 12 provide?

Section Section 12 of the Finance Act, 2010 (Amendment of Section 40) is reproduced on this page as part of the Finance Act, 2010. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 2010 Section 12?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2010 Section 12. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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