{"act":{"id":"finance-act-2022","short_title":"The Finance Act, 2022","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2022-2023.","act_number":"6","act_year":2022,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":134,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2022/"},"unit":"section","section":{"number":"66","heading":"Amendment of section 234B","text":"Amendment of section 234B. 66.  In section 234B of the Income-tax Act, in sub-section (1), for Explanation 3, the following Explanation shall be substituted, namely:— 'Explanation 3.—In Explanation 1 and in sub-section (3),— (i) | \"tax on total income as determined under sub-section (1) of section 143\" shall not include the additional income-tax, if any, payable under section 140B or section 143; and (ii) | tax on the total income determined under such regular assessment shall not include the additional income-tax payable under section 140B.'.","html":"<p><b>Amendment of section 234B.</b></p><p><b>66. </b> In section 234B of the Income-tax Act, in sub-section (1), for <i>Explanation 3</i>, the following <i>Explanation</i> shall be substituted, namely:—</p><p>'<i>Explanation 3</i>.—In <i>Explanation 1</i> and in sub-section (3),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>\"tax on total income as determined under sub-section (1) of section 143\" shall not include the additional income-tax, if any, payable under section 140B or section 143; and</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>tax on the total income determined under such regular assessment shall not include the additional income-tax payable under section 140B.'.</td></tr></table></div>","words":85,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2022/section/66/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}