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Amendment history Income-tax Act
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Amendments to the Income-tax Act

Changes
161
Sections touched
98
Instruments
1
Most recent
Apr 2027
  1. 2027

    Finance Act, 2026

    Act 4 of 2026 · dated 30th March, 2026 · 161 changes

    • s. Schedule III Serial numbers 38A to 38D inserted by Finance Act, 2026, s. 123 (w.e.f. 1 April 2026).
    • s. Schedule III Notes 12 and 13 inserted by Finance Act, 2026, s. 123 (w.e.f. 1 April 2026).
    • s. Schedule IV Serial numbers 13A to 13C inserted by Finance Act, 2026, s. 124 (w.e.f. 1 April 2026).
    • s. Schedule IV Note 3 inserted by Finance Act, 2026, s. 124 (w.e.f. 1 April 2026).
    • s. Schedule VI Item (C) substituted by Finance Act, 2026, s. 125, for "the long line" (w.e.f. 1 April 2026).
    • s. Schedule VI Substituted by Finance Act, 2026, s. 125, for "2025" (w.e.f. 1 April 2026).
    • s. Schedule VII Serial number 49 inserted by Finance Act, 2026, s. 126 (w.e.f. 1 April 2026).
    • s. Schedule XI Clause (c) of paragraph 4 of Part A omitted by Finance Act, 2026, s. 127 (w.e.f. 1 April 2026).
    • s. Schedule XI Clause (f) of paragraph 4 of Part A substituted by Finance Act, 2026, s. 127, for "clause (f)" (w.e.f. 1 April 2026).
    • s. Schedule XI Sub-paragraph (4) of paragraph 5 of Part A omitted by Finance Act, 2026, s. 127 (w.e.f. 1 April 2026).
    • s. Schedule XI Paragraph 6 of Part A substituted by Finance Act, 2026, s. 127, for "paragraph 6" (w.e.f. 1 April 2026).
    • s. Schedule XI Clause (d) of paragraph 1 of Part C omitted by Finance Act, 2026, s. 127 (w.e.f. 1 April 2026).
    • s. Schedule XI Clause (e) of paragraph 1 of Part C substituted by Finance Act, 2026, s. 127, for "clause (e)" (w.e.f. 1 April 2026).
    • s. Schedule XII Serial numbers 28 to 36 of Part A inserted by Finance Act, 2026, s. 128 (w.e.f. 1 April 2026).
    • s. Schedule XIV Substituted by Finance Act, 2026, s. 129, for "this rule" (w.e.f. 1 April 2026).
    • s. Schedule XIV Sub-paragraph (3) inserted by Finance Act, 2026, s. 129 (w.e.f. 1 April 2026).
    • s. 2 Clause (32) substituted by Finance Act, 2026, s. 35, for "clause (32)" (w.e.f. 1 April 2026).
    • s. 2 Sub-clause (f) of clause (40) omitted by Finance Act, 2026, s. 35 (w.e.f. 1 April 2026).
    • s. 2 Sub-clause (v) of clause (40) substituted by Finance Act, 2026, s. 35, for "sub-clause (v)" (w.e.f. 1 April 2026).
    • s. 2 Items (II) and (III) of clause (40) substituted by Finance Act, 2026, s. 35, for "item (II)" (w.e.f. 1 April 2026).
    • s. 7 Substituted by Finance Act, 2026, s. 36, for "(f)" (w.e.f. 1 April 2026).
    • s. 21 Substituted by Finance Act, 2026, s. 37, for "nil for" (w.e.f. 1 April 2026).
    • s. 22 Substituted by Finance Act, 2026, s. 38, for "sub-section (1)(b)" (w.e.f. 1 April 2026).
    • s. 29 Clause (e) substituted by Finance Act, 2026, s. 39, for "clause (e)" (w.e.f. 1 April 2026).
    • s. 58 Sub-clause (i) omitted by Finance Act, 2026, s. 40 (w.e.f. 1 April 2026).
    • s. 66 Clause (4) substituted by Finance Act, 2026, s. 41, for "clause (4)" (w.e.f. 1 April 2026).
    • s. 69 Sub-sections (2) and (3) substituted by Finance Act, 2026, s. 42, for "sub-sections (2) and (3)" (w.e.f. 1 April 2026).
    • s. 70 Clause (x) substituted by Finance Act, 2026, s. 43, for "clause (x)" (w.e.f. 1 April 2026).
    • s. 93 Clause (a) substituted by Finance Act, 2026, s. 44, for "clause (a)" (w.e.f. 1 April 2026).
    • s. 93 Sub-section (2) substituted by Finance Act, 2026, s. 44, for "sub-section (2)" (w.e.f. 1 April 2026).
    • s. 99 Substituted by Finance Act, 2026, s. 45, for "sub-section (1)(a)(i) or (b)" (w.e.f. 1 April 2026).
    • s. 140 Substituted by Finance Act, 2026, s. 46, for "one" (w.e.f. 1 April 2026).
    • s. 147 Sub-section (2) substituted by Finance Act, 2026, s. 47, for "sub-section (2)" (w.e.f. 1 April 2026).
    • s. 147 Sub-sections (5) and (6) substituted by Finance Act, 2026, s. 47, for "sub-section (5)" (w.e.f. 1 April 2026).
    • s. 149 Inserted by Finance Act, 2026, s. 48 (w.e.f. 1 April 2026).
    • s. 149 Inserted by Finance Act, 2026, s. 48 (w.e.f. 1 April 2026).
    • s. 149 Inserted by Finance Act, 2026, s. 48 (w.e.f. 1 April 2026).
    • s. 149 Clause (d) substituted by Finance Act, 2026, s. 48, for "clause (d)" (w.e.f. 1 April 2026).
    • s. 149 Sub-section (6) inserted by Finance Act, 2026, s. 48 (w.e.f. 1 April 2026).
    • s. 150 Section 150 substituted by Finance Act, 2026, s. 49, for "section 150" (w.e.f. 1 April 2026).
    • s. 162 Clause (c) substituted by Finance Act, 2026, s. 50, for "clause (c)" (w.e.f. 1 April 2026).
    • s. 164 The words and figures "or section 144" omitted by Finance Act, 2026, s. 51 (w.e.f. 1 April 2026).
    • s. 165 The words and figures "under section 144 or" omitted by Finance Act, 2026, s. 52 (w.e.f. 1 April 2026).
    • s. 166 Sub-section (7) substituted by Finance Act, 2026, s. 53, for "sub-section (7)" (w.e.f. 1 April 2026).
    • s. 169 Sub-section (1) substituted by Finance Act, 2026, s. 54, for "sub-section (1)" (w.e.f. 1 April 2026).
    • s. 195 Substituted by Finance Act, 2026, s. 55, for "60%" (w.e.f. 1 April 2026).
    • s. 202 Sub-clause (iii) omitted by Finance Act, 2026, s. 56 (w.e.f. 1 April 2026).
    • s. 203 Inserted by Finance Act, 2026, s. 57 (w.e.f. 1 April 2026).
    • s. 203 Sub-section (7) inserted by Finance Act, 2026, s. 57 (w.e.f. 1 April 2026).
    • s. 204 Inserted by Finance Act, 2026, s. 58 (w.e.f. 1 April 2026).
    • s. 204 Sub-section (5) inserted by Finance Act, 2026, s. 58 (w.e.f. 1 April 2026).
    • s. 206 Substituted by Finance Act, 2026, s. 59, for "15%" (w.e.f. 1 April 2026).
    • s. 206 Sub-clause (ii) of clause (i) substituted by Finance Act, 2026, s. 59, for "sub-clause (ii)" (w.e.f. 1 April 2026).
    • s. 206 The brackets, words, letters and figures "(Table: Sl. Nos. 1, 3, 4 and 5)" omitted by Finance Act, 2026, s. 59 (w.e.f. 1 April 2026).
    • s. 206 Clauses (m), (n), (o) and (p) omitted by Finance Act, 2026, s. 59 (w.e.f. 1 April 2026).
    • s. 206 Substituted by Finance Act, 2026, s. 59, for "section" (w.e.f. 1 April 2026).
    • s. 206 Clause (r) omitted by Finance Act, 2026, s. 59 (w.e.f. 1 April 2026).
    • s. 206 Substituted by Finance Act, 2026, s. 59, for "which this section" (w.e.f. 1 April 2026).
    • s. 206 Sub-sections (3), (4) and (5) substituted by Finance Act, 2026, s. 59, for "sub-section (3)" (w.e.f. 1 April 2026).
    • s. 217 Section 217 substituted by Finance Act, 2026, s. 60, for "section 217" (w.e.f. 1 April 2026).
    • s. 218 Section 218 substituted by Finance Act, 2026, s. 60, for "section 218" (w.e.f. 1 April 2026).
    • s. 227 Substituted by Finance Act, 2026, s. 61, for "certificate" (w.e.f. 1 April 2026).
    • s. 227 Substituted by Finance Act, 2026, s. 61, for "certificate" (w.e.f. 1 April 2026).
    • s. 228 Inserted by Finance Act, 2026, s. 62 (w.e.f. 1 April 2026).
    • s. 232 Sub-sections (12) and (13) substituted by Finance Act, 2026, s. 63, for "sub-sections (12) and (13)" (w.e.f. 1 April 2026).
    • s. 232 Inserted by Finance Act, 2026, s. 63 (w.e.f. 1 April 2026).
    • s. 235 Clause (fa) inserted by Finance Act, 2026, s. 64 (w.e.f. 1 April 2026).
    • s. 262 Substituted by Finance Act, 2026, s. 65, for "pertaining to business or profession" (w.e.f. 1 April 2026).
    • s. 263 Clause (c) of sub-section (1) substituted by Finance Act, 2026, s. 66, for "clause (c)" (w.e.f. 1 April 2026).
    • s. 263 Sub-section (5) substituted by Finance Act, 2026, s. 66, for "sub-section (5)" (w.e.f. 1 April 2026).
    • s. 263 Clause (b) of sub-section (6) substituted by Finance Act, 2026, s. 66, for "clause (b)" (w.e.f. 1 April 2026).
    • s. 263 Inserted by Finance Act, 2026, s. 66 (w.e.f. 1 April 2026).
    • s. 263 Inserted by Finance Act, 2026, s. 66 (w.e.f. 1 April 2026).
    • s. 263 Substituted by Finance Act, 2026, s. 66, for "206(1)(m) to (p) and 206(2)(e) to (h)" (w.e.f. 1 April 2026).
    • s. 266 Clause (f) of sub-section (2) substituted by Finance Act, 2026, s. 67, for "clause (f)" (w.e.f. 1 April 2026).
    • s. 266 Clause (f) of sub-section (4) substituted by Finance Act, 2026, s. 67, for "clause (f)" (w.e.f. 1 April 2026).
    • s. 266 Clause (e) of sub-section (6) substituted by Finance Act, 2026, s. 67, for "clause (e)" (w.e.f. 1 April 2026).
    • s. 267 Clause (f) of sub-section (2) substituted by Finance Act, 2026, s. 68, for "clause (f)" (w.e.f. 1 April 2026).
    • s. 267 Clause (e) of sub-section (4) substituted by Finance Act, 2026, s. 68, for "clause (e)" (w.e.f. 1 April 2026).
    • s. 267 Sub-section (5) substituted by Finance Act, 2026, s. 68, for "sub-section (5)" (w.e.f. 1 April 2026).
    • s. 267 Sub-clause (v) substituted by Finance Act, 2026, s. 68, for "sub-clause (v)" (w.e.f. 1 April 2026).
    • s. 270 The words and figures "under section 144 or" omitted by Finance Act, 2026, s. 69 (w.e.f. 1 April 2026).
    • s. 275 Sub-section (4) substituted by Finance Act, 2026, s. 70, for "sub-section (4)" (w.e.f. 1 April 2026).
    • s. 275 Sub-section (14) substituted by Finance Act, 2026, s. 70, for "sub-section (14)" (w.e.f. 1 April 2026).
    • s. 279 Sub-section (3) inserted by Finance Act, 2026, s. 71 (w.e.f. 1 April 2026).
    • s. 280 Clause (c) of sub-section (1) substituted by Finance Act, 2026, s. 72, for "clause (c)" (w.e.f. 1 April 2026).
    • s. 283 Section 283 substituted by Finance Act, 2026, s. 73, for "section 283" (w.e.f. 1 April 2026).
    • s. 286 Sub-section (2) substituted by Finance Act, 2026, s. 74, for "sub-section (2)" (w.e.f. 1 April 2026).
    • s. 295 Clauses (c) and (d) inserted by Finance Act, 2026, s. 75 (w.e.f. 1 April 2026).
    • s. 296 Sub-section (1) substituted by Finance Act, 2026, s. 76, for "sub-section (1)" (w.e.f. 1 April 2026).
    • s. 332 Substituted by Finance Act, 2026, s. 77, for "Schedule VII (Table: Sl. No. 10) to (Table: Sl. No. 19)" (w.e.f. 1 April 2026).
    • s. 349 Inserted by Finance Act, 2026, s. 78 (w.e.f. 1 April 2026).
    • s. 351 The word and figures "or 346" omitted by Finance Act, 2026, s. 79 (w.e.f. 1 April 2026).
    • s. 352 Serial number 8 of the Table substituted by Finance Act, 2026, s. 80, for "serial number 8 and the entries relating thereto" (w.e.f. 1 April 2026).
    • s. 354A Section 354A inserted by Finance Act, 2026, s. 81 (w.e.f. 1 April 2026).
    • s. 363 Sub-section (10) substituted by Finance Act, 2026, s. 82, for "sub-section (10)" (w.e.f. 1 April 2026).
    • s. 379 Substituted by Finance Act, 2026, s. 83, for "waive any penalty imposable" (w.e.f. 1 April 2026).
    • s. 393 Substituted by Finance Act, 2026, s. 84, for "serial number 3(iii)" (w.e.f. 1 April 2026).
    • s. 393 Inserted by Finance Act, 2026, s. 84 (w.e.f. 1 April 2026).
    • s. 393 Item (iv) substituted by Finance Act, 2026, s. 84, for "item (iv)" (w.e.f. 1 April 2026).
    • s. 393 Sub-section (6) renumbered as sub-section (6)(a) thereof, renumbered by Finance Act, 2026, s. 84 (w.e.f. 1 April 2027).
    • s. 393 Clause (b) of sub-section (6) inserted by Finance Act, 2026, s. 84 (w.e.f. 1 April 2027).
    • s. 393 Sub-section (7) substituted by Finance Act, 2026, s. 84, for "sub-section (7)" (w.e.f. 1 April 2026).
    • s. 394 Substituted by Finance Act, 2026, s. 85, for "1%" (w.e.f. 1 April 2026).
    • s. 394 Substituted by Finance Act, 2026, s. 85, for "5%" (w.e.f. 1 April 2026).
    • s. 394 Substituted by Finance Act, 2026, s. 85, for "1%" (w.e.f. 1 April 2026).
    • s. 394 Substituted by Finance Act, 2026, s. 85, for "1%" (w.e.f. 1 April 2026).
    • s. 394 Substituted by Finance Act, 2026, s. 85, for "5%" (w.e.f. 1 April 2026).
    • s. 394 Column D against Sl. No. 8 substituted by Finance Act, 2026, s. 85, for "clauses (a) and (b)" (w.e.f. 1 April 2026).
    • s. 395 Clause (c) of sub-section (1) substituted by Finance Act, 2026, s. 86, for "clause (c)" (w.e.f. 1 April 2026).
    • s. 395 Sub-section (6) inserted by Finance Act, 2026, s. 86 (w.e.f. 1 April 2026).
    • s. 397 Clause (c) of sub-section (1) substituted by Finance Act, 2026, s. 87, for "clause (c)" (w.e.f. 1 October 2026).
    • s. 399 Substituted by Finance Act, 2026, s. 88, for "427" (w.e.f. 1 April 2026).
    • s. 399 Substituted by Finance Act, 2026, s. 88, for "427" (w.e.f. 1 April 2026).
    • s. 400 Sub-section (2) substituted by Finance Act, 2026, s. 89, for "sub-section (2)" (w.e.f. 1 April 2026).
    • s. 402 Substituted by Finance Act, 2026, s. 90, for "authorised person responsible" (w.e.f. 1 April 2026).
    • s. 402 Sub-clause (f) of clause (47) inserted by Finance Act, 2026, s. 90 (w.e.f. 1 April 2026).
    • s. 411 Sub-section (3) substituted by Finance Act, 2026, s. 91, for "sub-section (3)" (w.e.f. 1 April 2026).
    • s. 413 Clause (c) substituted by Finance Act, 2026, s. 92, for "clauses (c) and (d)" (w.e.f. 1 April 2026).
    • s. 423 Sub-clause (vii) substituted by Finance Act, 2026, s. 93, for "sub-clause (vii)" (w.e.f. 1 April 2026).
    • s. 424 Clause (f) substituted by Finance Act, 2026, s. 94, for "clause (f)" (w.e.f. 1 April 2026).
    • s. 425 Clause (f) substituted by Finance Act, 2026, s. 95, for "clause (f)" (w.e.f. 1 April 2026).
    • s. 427 Section 427 substituted by Finance Act, 2026, s. 96, for "section 427" (w.e.f. 1 April 2026).
    • s. 428 Section 428 substituted by Finance Act, 2026, s. 96, for "section 428" (w.e.f. 1 April 2026).
    • s. 438 Inserted by Finance Act, 2026, s. 97 (w.e.f. 1 April 2026).
    • s. 439 The word "and" occurring at the end of clause (e) omitted by Finance Act, 2026, s. 98 (w.e.f. 1 April 2026).
    • s. 439 Substituted by Finance Act, 2026, s. 98, for "apply." (w.e.f. 1 April 2026).
    • s. 439 Clause (g) of sub-section (11) inserted by Finance Act, 2026, s. 98 (w.e.f. 1 April 2026).
    • s. 439 Sub-section (13A) inserted by Finance Act, 2026, s. 98 (w.e.f. 1 April 2026).
    • s. 440 Marginal heading substituted by Finance Act, 2026, s. 99, for "the marginal heading" (w.e.f. 1 April 2026).
    • s. 440 Sub-sections (1) to (4) substituted by Finance Act, 2026, s. 99, for "sub-sections (1) to (4)" (w.e.f. 1 April 2026).
    • s. 443 Section 443 omitted by Finance Act, 2026, s. 100 (w.e.f. 1 April 2026).
    • s. 446 Section 446 substituted by Finance Act, 2026, s. 101, for "section 446" (w.e.f. 1 April 2026).
    • s. 447 Section 447 omitted by Finance Act, 2026, s. 102 (w.e.f. 1 April 2026).
    • s. 454 Section 454 substituted by Finance Act, 2026, s. 103, for "section 454" (w.e.f. 1 April 2026).
    • s. 466 Substituted by Finance Act, 2026, s. 104, for "1000" (w.e.f. 1 April 2026).
    • s. 467 In the marginal heading, substituted by Finance Act, 2026, s. 105, for "section 262" (w.e.f. 1 April 2026).
    • s. 470 The word and figures "or 447" omitted by Finance Act, 2026, s. 106 (w.e.f. 1 April 2026).
    • s. 471 Inserted by Finance Act, 2026, s. 107 (w.e.f. 1 April 2026).
    • s. 471 Sub-sections (4) and (5) inserted by Finance Act, 2026, s. 107 (w.e.f. 1 April 2026).
    • s. 473 Marginal heading substituted by Finance Act, 2026, s. 108, for "the marginal heading" (w.e.f. 1 April 2026).
    • s. 473 Substituted by Finance Act, 2026, s. 108, for "rigorous imprisonment which may extend to two years and shall also be liable to fine" (w.e.f. 1 April 2026).
    • s. 474 Marginal heading substituted by Finance Act, 2026, s. 109, for "the marginal heading" (w.e.f. 1 April 2026).
    • s. 474 Substituted by Finance Act, 2026, s. 109, for "rigorous imprisonment for a term which may extend to two years and shall also be liable to fine" (w.e.f. 1 April 2026).
    • s. 475 Substituted by Finance Act, 2026, s. 110, for "rigorous imprisonment for a term which may extend to two years and shall also be liable to fine" (w.e.f. 1 April 2026).
    • s. 476 Sub-section (1) substituted by Finance Act, 2026, s. 111, for "sub-section (1)" (w.e.f. 1 April 2026).
    • s. 477 Sub-section (1) substituted by Finance Act, 2026, s. 112, for "sub-section (1)" (w.e.f. 1 April 2026).
    • s. 478 Sub-sections (1) and (2) substituted by Finance Act, 2026, s. 113, for "sub-sections (1) and (2)" (w.e.f. 1 April 2026).
    • s. 479 Clauses (a), (b) and (c) substituted by Finance Act, 2026, s. 114, for "clauses (a) and (b)" (w.e.f. 1 April 2026).
    • s. 480 Section 480 substituted by Finance Act, 2026, s. 115, for "section 480" (w.e.f. 1 April 2026).
    • s. 481 Section 481 substituted by Finance Act, 2026, s. 115, for "section 481" (w.e.f. 1 April 2026).
    • s. 482 Clauses (a), (b) and (c) substituted by Finance Act, 2026, s. 116, for "clauses (a) and (b)" (w.e.f. 1 April 2026).
    • s. 483 Substituted by Finance Act, 2026, s. 117 (w.e.f. 1 April 2026).
    • s. 484 The long line substituted by Finance Act, 2026, s. 118, for "the long line" (w.e.f. 1 April 2026).
    • s. 485 Substituted by Finance Act, 2026, s. 119 (w.e.f. 1 April 2026).
    • s. 494 Substituted by Finance Act, 2026, s. 120, for "imprisonment which may extend to six months, and shall also be liable to fine" (w.e.f. 1 April 2026).
    • s. 522 Section 522 substituted by Finance Act, 2026, s. 121, for "section 522" (w.e.f. 1 April 2026).
    • s. 536 Substituted by Finance Act, 2026, s. 122, for "sub-section (3)" (w.e.f. 1 April 2026).
    • s. 536 Clause (g) substituted by Finance Act, 2026, s. 122, for "clause (g)" (w.e.f. 1 April 2026).
    • s. 536 Clause (h) substituted by Finance Act, 2026, s. 122, for "clause (h)" (w.e.f. 1 April 2026).
    • s. 536 Sub-clauses (i) and (ii) of clause (l) substituted by Finance Act, 2026, s. 122, for "sub-clauses (i) and (ii)" (w.e.f. 1 April 2026).