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of <h1>Finance Act 2010 amends Section 40 to allow deductions for taxes paid after the due date under Section 139(1).</h1> Section 40 of the Income-tax Act is amended by the Finance Act, 2010. In clause (a), sub-clause (ia), the phrase regarding unpaid tax is revised to state that it must be paid by the due date specified in section 139(1). The proviso is replaced to allow deductions for sums where tax is deducted in a subsequent year or deducted during the previous year but paid after the due date in section 139(1). Such sums are deductible in computing the income of the year in which the tax is actually paid.
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