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Section46
The Finance Act, 1988

Insertion of new section 276BB

In force Act 26 of 1988 As on 15 Oct 2026

Act 26 of 1988 Ministry Finance

Section 46 of the Finance Act, 1988 deals with insertion of new section 276BB. Insertion of new section 276BB 46. After section 276B of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June, 1988, namely:— Failure to pay the tax collected at source "276BB.

Insertion of new section 276BB

46. After section 276B of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June, 1988, namely:—

Failure to pay the tax collected at source

"276BB. If a person fails to pay to the credit of the Central Government, the tax collected by him as required under the provisions of section 206C, he shall be punishable with rigorous imprisonment for a term which shall not be less than three months but which may extend to seven years and with fine.".

[Finance Act, 1988]

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Section 46, The Finance Act, 1988 (Act 26 of 1988).

Questions about Section 46

What does Section 46 of the Finance Act deal with?

Section 46 of the Finance Act is headed "Insertion of new section 276BB". Insertion of new section 276BB 46. After section 276B of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June, 1988, namely:— Failure to pay the tax collected at source "276BB.

How do I find court cases under Section 46 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1988 46, section 46 Finance Act 1988, section 46 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When was the Finance Act enacted?

Finance Act was enacted in 1988 as Act 26 of 1988. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.