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Section54
The Finance Act, 2006

Amendment of section 272BB

In force As on 13 Oct 2026

Ministry Finance

Section 54 of the Finance Act, 2006 deals with amendment of section 272BB. Amendment of section 272BB. 54. In section 272BB of the Income-tax Act, with effect from the 1st day of June, 2006,— (i ) after sub-section (1), the following sub-section shall be inserted, namely:— ‘(1A) If a person who is required to quote his "tax deduction account number" or, as the case may be,

Amendment of section 272BB.

54. In section 272BB of the Income-tax Act, with effect from the 1st day of June, 2006,—

(i ) after sub-section (1), the following sub-section shall be inserted, namely:—

‘(1A) If a person who is required to quote his "tax deduction account number" or, as the case may be, "tax collection account number" or "tax deduction and collection account number" in the challans or certificates or statements or other documents referred to in sub-section (2) of section 203A, quotes a number which is false, and which he either knows or believes to be false or does not believe to be true, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of ten thousand rupees.’;

(ii ) in sub-section (2), after the word, brackets and figure "sub-section (1)", the words, brackets, figure and letter "or sub-section (1A)" shall be inserted.

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Section 54, The Finance Act, 2006.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 272BB Penalty for failure to comply with the provisions of section 203A

Questions about Section 54

What does Section 54 of the Finance Act deal with?

Section 54 of the Finance Act is headed "Amendment of section 272BB". Amendment of section 272BB. 54. In section 272BB of the Income-tax Act, with effect from the 1st day of June, 2006,— (i ) after sub-section (1), the following sub-section shall be inserted, namely:— ‘(1A) If a person who is required to quote his "tax deduction account number" or, as the case may be,

How do I find court cases under Section 54 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 2006 54, section 54 Finance Act 2006, section 54 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 54 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 272BB (Penalty for failure to comply with the provisions of section 203A), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2006. 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.