Section 140A → Section 156
Self-assessment
Quick Answer
Section 140A of the Income Tax Act, 1961 (Self-assessment) corresponds to Section 156 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 140A
In the 1961 statute, Section 140A deals with self-assessment. Mandates that any tax and interest payable on the basis of the ITR must be paid by the taxpayer before actually filing the return.
The new code maps this to Section 156: the provision is retained and renumbered as Section 156 of the Income-tax Act, 2025, applying from 1st April 2026. Retained. The portal simply will not generate the acknowledgment (ITR-V) unless the challan BSR codes match the self-assessment tax due.
On the ground, changes to Section 140A carry a Critical impact. Ensures tax collection is completed before the return is accepted.
Sec 140A
Provision Summary
Mandates that any tax and interest payable on the basis of the ITR must be paid by the taxpayer before actually filing the return.
Sec 156
Provision Summary
Retained. The portal simply will not generate the acknowledgment (ITR-V) unless the challan BSR codes match the self-assessment tax due.
Key Changes & Highlights
- Payment gateways integrated directly into the filing utility for real-time clearance.
Related Sections
Frequently Asked Questions
What does Section 140A of the Income Tax Act 1961 deal with?
Section 140A of the Income Tax Act, 1961 covers self-assessment. Mandates that any tax and interest payable on the basis of the ITR must be paid by the taxpayer before actually filing the return.
Where does Section 140A of the ITA 1961 go under the Income-tax Act, 2025?
Section 140A of the Income Tax Act, 1961 maps to Section 156 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. The portal simply will not generate the acknowledgment (ITR-V) unless the challan BSR codes match the self-assessment tax due.
Why does the change to Section 140A matter for taxpayers?
The transition impact for Section 140A is rated Critical. Ensures tax collection is completed before the return is accepted.
What are the key changes to Section 140A under the Income-tax Act, 2025?
Payment gateways integrated directly into the filing utility for real-time clearance. These points are specific to Section 140A (Self-assessment).
Disclaimer: This mapping of Section 140A (Self-assessment) to Section 156 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 140A is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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