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Section66
The Finance Act, 1988

Amendment of Schedule I

In force Act 26 of 1988 As on 17 Oct 2026

Act 26 of 1988 Ministry Finance

Section 66 of the Finance Act, 1988 deals with amendment of Schedule I. Amendment of Schedule I 66. In Schedule I to the Wealth-tax Act, in Part I, the following shall be added at the end, namely:— "Surcharge on wealth-tax The amount of wealth-tax computed in accordance with the provisions of this Part shall, in relation to the assessment year commencing on the 1st day

Amendment of Schedule I

66. In Schedule I to the Wealth-tax Act, in Part I, the following shall be added at the end, namely:—

"Surcharge on wealth-tax

The amount of wealth-tax computed in accordance with the provisions of this Part shall, in relation to the assessment year commencing on the 1st day of April, 1988, be increased by a surcharge calculated at the rate of ten per cent of such wealth-tax.".

[Finance Act, 1988]

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Section 66, The Finance Act, 1988 (Act 26 of 1988).

Questions about Section 66

What does Section 66 of the Finance Act deal with?

Section 66 of the Finance Act is headed "Amendment of Schedule I". Amendment of Schedule I 66. In Schedule I to the Wealth-tax Act, in Part I, the following shall be added at the end, namely:— "Surcharge on wealth-tax The amount of wealth-tax computed in accordance with the provisions of this Part shall, in relation to the assessment year commencing on the 1st day

How do I find court cases under Section 66 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 66, section 66 Finance Act 1988, section 66 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.