Section 140A → Section 156
Self-assessment
Quick Answer
Section 140A of the Income Tax Act, 1961 (Self-assessment) corresponds to Section 156 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
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 (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.
What is the new section number for Section 140A under the Direct Tax Code 2025?
Section 140A of the ITA 1961 maps to Section 156 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 140A under the new tax code?
Section 140A is marked as "Retained" with status "Active". Impact: Critical - Ensures tax collection is completed before the return is accepted.
What are the key changes to Section 140A under DTC 2025?
Payment gateways integrated directly into the filing utility for real-time clearance.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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