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Section223
The Finance Act, 2016

Amendment of section 58

In force As on 11 Oct 2026

Ministry Finance Enacted 27 Jun 2016

Section 223 of the Finance Act, 2016 deals with amendment of section 58. Amendment of section 58 223 . In section 58 of the principal Act, in sub-section (2), after clause (q), the following clauses shall be inserted, namely:— "(qa) the remuneration and other allowances payable to Members of the Monetary Policy Committee under sub-section (2) of section 45ZD; The Act was enacted on 27 Jun 2016.

Amendment of section 58

223 . In section 58 of the principal Act, in sub-section (2), after clause (q), the following clauses shall be inserted, namely:—

"(qa) the remuneration and other allowances payable to Members of the Monetary Policy Committee under sub-section (2) of section 45ZD;

(qb) the functions of the Secretary under sub-section (2) of section 45ZG;

(qc) the procedure, manner of conducting of meetings and related matters of the Monetary Policy Committee under sub-section (12) of section 45ZI;

(qd) the particulars and the frequency of publication of document under sub-section (2) of section 45ZJ;

(qe) the form and contents of the Monetary Policy Report to be published under sub-section (2) of section 45ZM;".

Section 223, The Finance Act, 2016.

Cross-references

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

This section refers to

  1. s. 58 Amendment of section 115QA

Questions about Section 223

What does Section 223 of the Finance Act deal with?

Section 223 of the Finance Act is headed "Amendment of section 58". Amendment of section 58 223 . In section 58 of the principal Act, in sub-section (2), after clause (q), the following clauses shall be inserted, namely:— "(qa) the remuneration and other allowances payable to Members of the Monetary Policy Committee under sub-section (2) of section 45ZD;

How do I find court cases under Section 223 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 2016 223, section 223 Finance Act 2016, section 223 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 223 of the Finance Act, and has it changed?

Its own text turns on section 58 (Amendment of section 115QA), so none of them can safely be read on its own.

When was Section 223 of the Finance Act enacted?

Section 223 of the Finance Act, cited as Finance Act 2016 223, was enacted on 27 Jun 2016. 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.