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Home Bare Acts Phrase: section 40aFinance Act, 1992 Section 17
Title: Amendment of Section 40a
State: Central
Year: 1992
In section 40A of the Income-tax Act, sub-section (12) shall be omitted with effect from the 1st day of April, 1993.
View Complete Act List Judgments citing this sectionFinance (No. 2) Act, 1996 Section 15
Title: Amendment of Section 40a
State: Central
Year: 1996
In section 40A of the Income-tax Act, in sub-section (3), for the words "ten thousand" wherever they occur, the words "twenty thousand" shall be substituted with effect from the 1st day April, 1997.
View Complete Act List Judgments citing this sectionFinance Act, 1995 Section 11
Title: Amendment of Section 40a
State: Central
Year: 1995
In section 40A of the Income-tax Act, in sub-section (3), for the words "such expenditure shall not be allowed as a deduction", the words "twenty per cent. of such expenditure shall not be allowed as a deduction" shall be substituted with effect from the 1st day of April, 1996.
View Complete Act List Judgments citing this sectionTaxation Laws (Amendment) Act, 2006 Section 9
Title: Amendment of Section 40a
State: Central
Year: 2006
In section 40A of the Income-tax Act, in sub-sections (3) and (4), for the words "a crossed cheque drawn on a bank or by a crossed bank draft", wherever they occur, the words "an account payee cheque drawn on a bank or account payee bank draft" shall be substituted.
View Complete Act List Judgments citing this sectionCopyright (Amendment) Act, 2012, (Central) Section 30
Title: Amendment of Section 40a
State: Central
Year: 2012
In section 40A of the principal Act, in sub-section (2), in clause (ii), the following proviso shall be inserted, namely:- "Provided that it does not exceed the period provided under this Act;".
View Complete Act List Judgments citing this sectionFinance Act, 2011, (Central) Section 8
Title: Amendment of Section 40a
State: Central
Year: 2011
In section 40A of the Income-tax Act, in sub-section (9), after the words, brackets and figures "under clause (iv)", the words, brackets, figures and letter "or clause (iva)" shall be inserted with effect from the 1st day of April, 2012.
View Complete Act List Judgments citing this sectionFinance Act 1999 Section 23
Title: Amendment of Section 40a
State: Central
Year: 1999
In section 40A of the Income-tax Act, for sub-section (7), the following sub-section shall be substituted with effect from the 1st day of April, 2000, namely :- "(7) (a) Subject to the provisions of clause (b), no deduction shall be allowed in respect of any provision (whether called as such or by any other name) made by the assessee for the payment of gratuity to his employees on their retirement or on termination of their employment for any reason; (b) Nothing in clause (a) shall apply in relation to any provision made by the assessee for the purpose of payment of a sum by way of any contribution towards an approved gratuity fund, or for the purpose of payment of any gratuity, that has become payable during the previous year. Explanation. - For the removal of doubts, it is hereby declared that where any provision made by the assessee for the payment of gratuity to his employees on their retirement or termination of their employment for any reason has been allowed as a deduction in computing the income of the assessee for any assessment year, any sum paid out of such provision by way of contribution towards an approved gratuity fund or by way of gratuity to any employee.....
View Complete Act List Judgments citing this sectionFinance (No. 2) Act 2009 Section 16
Title: Amendment of Section 40a
State: Central
Year: 2009
In section 40A of the Income-tax Act, in sub-section (3A), after the proviso, the following proviso shall be inserted with effect from the 1st day of October, 2009, namely:-- 'Provided further that in the case of payment made for plying, hiring or leasing goods carriages, the provisions of sub-sections (3) and (3A) shall have effect as if for the words "twenty thousand rupees", the words "thirty-five thousand rupees" had been substituted.'.
View Complete Act List Judgments citing this sectionFinance Act 2007 Section 14
Title: Amendment of Section 40a
State: Central
Year: 2007
.....of business or profession and accordingly chargeable to income-tax as income of the subsequent year if the amount of payment exceeds twenty thousand rupees: Provided that no disallowance shall be made and no payment shall be deemed to be the profits and gains of business or profession under this sub-section where any payment in a sum exceeding twenty thousand rupees is made otherwise than by an account payee cheque drawn on a bank or account payee bank draft, in such cases and under such circumstances as may be prescribed, having regard to the nature and extent of banking facilities available, considerations of business expediency and other relevant factors.".
View Complete Act List Judgments citing this sectionFinance Act 1969 Section 5
Title: Amendment of Section 40a
State: Central
Year: 1969
In section 40A of the Income-tax Act, after sub-section (3), the following sub-section shall be inserted, namely :- "(4) Notwithstanding anything contained in any other law for the time being in force or in any contract, where any payment in respect of any expenditure has to be made by a crossed cheque drawn on a bank or by a crossed bank draft in order that such expenditure may not be disallowed as a deduction under sub-section (3), then the payment may be made by such cheque or draft; and where the payment is so made or tendered, no person shall be allowed to raise, in any suit or other proceeding, a plea based on the ground that the payment was not made or tendered in cash or in any other manner.".
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