Clause 42 - Amendment of section 139A. - Finance Bill, 2018

42. Amendment of section 139A. In section 139A of the Income-tax Act, in sub-section (1),- (a) in clause (iv), the word or shall be inserted at the end; (b) after clause (iv), the following clauses shall be inserted, namely: (v) not being an individual, which enters into a financial transaction of an amount aggregating to two lakh fifty thousand rupees or more in a financial year; or (vi) who is the managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or office bearer of the person referred to in clause (v) or any person competent to act on behalf of the person referred to in clause (v), .