An Act to give effect to the financial proposals of the Central Government for the financial year 2022-2023.

Act 6 of 2022 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 2022

What this Act covers

The Finance Act for 2022. Its First Schedule carries the rates of income-tax for the year; the rest amends the Income-tax Act and the other fiscal statutes. The rate of tax for a year is fixed here and not in the Income-tax Act.

Sections

Type to filter. 134 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 2
4. 4Amendment of section 10
5. 5Amendment of section 11
6. 6Amendment of section 12A
7. 7Amendment of section 12AB
8. 8Amendment of section 13
9. 9Amendment of section 14A
10. 10Amendment of section 17
11. 11Amendment of section 35
12. 12Amendment of section 37
13. 13Amendment of section 40
14. 14Amendment of section 43B
15. 15Amendment of section 50
16. 16Amendment of section 56
17. 17Amendment of section 68
18. 18Amendment of section 79
19. 19Insertion of new section 79A
20. 20Amendment of section 80CCD
21. 21Amendment of section 80DD
22. 22Amendment of section 80-IAC
23. 23Amendment of section 80LA
24. 24Amendment of section 92CA
25. 25Amendment of section 94
26. 26Amendment of section 115BAB
27. 27Amendment of section 115BBD
28. 28Insertion of new sections 115BBH and 115BBI
29. 29Amendment of section 115JC
30. 30Amendment of section 115JF
31. 31Amendment of section 115TD
32. 32Amendment of section 115TE
33. 33Amendment of section 115TF
34. 34Amendment of section 119
35. 35Amendment of section 132
36. 36Amendment of section 132B
37. 37Amendment of section 133A
38. 38Amendment of section 139
39. 39Insertion of new section 140B
40. 40Amendment of section 143
41. 41Amendment of section 144
42. 42Amendment of section 144B
43. 43Amendment of section 144C
44. 44Amendment of section 148
45. 45Amendment of section 148A
46. 46Insertion of new section 148B
47. 47Amendment of section 149
48. 48Amendment of section 153
49. 49Amendment of section 153B
50. 50Amendment of section 155
51. 51Insertion of new section 156A
52. 52Amendment of section 158AA
53. 53Insertion of new section 158AB
54. 54Amendment of section 170
55. 55Insertion of new section 170A
56. 56Amendment of section 179
57. 57Amendment of section 194-IA
58. 58Amendment of section 194-IB
59. 59Insertion of new section 194R
60. 60Insertion of new section 194S
61. 61Amendment of section 201
62. 62Amendment of section 206AB
63. 63Amendment of section 206C
64. 64Amendment of section 206CCA
65. 65Amendment of section 234A
66. 66Amendment of section 234B
67. 67Insertion of new section 239A
68. 68Amendment of section 245MA
69. 69Amendment of section 246A
70. 70Amendment of section 248
71. 71Amendment of section 253
72. 72Amendment of section 255
73. 73Amendment of section 263
74. 74Amendment of section 271AAB
75. 75Amendment of section 271AAC
76. 76Amendment of section 271AAD
77. 77Insertion of new section 271AAE
78. 78Amendment of section 271C
79. 79Amendment of section 272A
80. 80Amendment of section 276AB
81. 81Amendment of section 276B
82. 82Amendment of section 276CC
83. 83Amendment of section 278A
84. 84Amendment of section 278AA
85. 85Substitution of new section for section 285B
86. 86Amendment of section 2
87. 87Substitution of new section for section 3
88. 88Amendment of section 5
89. 89Amendment of section 14
90. 90Amendment of section 28E
91. 91Amendment of section 28H
92. 92Amendment of section 28-I
93. 93Amendment of section 28J
94. 94Insertion of new section 110AA
95. 95Insertion of new section 135AA
96. 96Amendment of section 137
97. 97Validation of certain actions taken under Customs Act
98. 98Amendment of First Schedule
99. 99Amendment of Fourth Schedule
100. 100Amendment of section 16
101. 101Amendment of section 29
102. 102Amendment of section 34
103. 103Amendment of section 37
104. 104Substitution of new section for section 38
105. 105Amendment of section 39
106. 106Substitution of new section for section 41
107. 107Omission of sections 42, 43 and 43A
108. 108Amendment of section 47
109. 109Amendment of section 48
110. 110Amendment of section 49
111. 111Amendment of section 50
112. 112Amendment of section 52
113. 113Amendment of section 54
114. 114Amendment of section 168
115. 115Amendment of notification issued under section 146 of Central Goods and Services Tax Act read with section 20 of Integrated Goods and Services Tax Act, retrospectively
116. 116Amendment of notification issued under sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of Central Goods and Services Tax Act, retrospectively
117. 117Retrospective exemption from, or levy or collection of central tax in certain cases
118. 118Retrospective effect to notification issued under sub-section (2) of section 7 of Central Goods and Services Tax Act
119. 119Amendment of notification issued under section 20 of Integrated Goods and Services Tax Act, read with sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of Central Goods and Services Tax Act, retrospectively
120. 120Retrospective exemption from, or levy or collection of integrated tax in certain cases
121. 121Retrospective effect to notification issued under clause (i) of section 20 of Integrated Goods and Services Tax read with subsection (2) of section 7 of Central Goods and Services Tax Act
122. 122Amendment of notification issued under section 21 of Union Territory Goods and Services Tax Act read with sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of Central Goods and Services Tax Act, retrospectively
123. 123Retrospective exemption from, or levy or collection of Union territory tax in certain cases
124. 124Retrospective effect to notification issued under clause (i) of section 21 of Union Territory Goods and Services Tax Act read with sub-section (2) of section 7 of Central Goods and Services Tax Act
125. 125Amendment of Act 2 of 1934
126. 126Amendment of Seventh Schedule
127. First ScheduleFirst Schedule
128. Second ScheduleSecond Schedule
129. Fourth ScheduleFourth Schedule
130. Fifth ScheduleFifth Schedule
131. Sixth ScheduleSixth Schedule
132. Seventh ScheduleSeventh Schedule
133. Eighth ScheduleEighth Schedule
134. Ninth ScheduleNinth Schedule

Related Acts

• The Finance Act, 2023181 sections
• The Finance Act, 2021180 sections
• The National Bank for Financing Infrastructure and Development Act, 202148 sections
• The Tribunals Reforms Act, 202135 sections
• The Finance Act, 2024 (No. 2)174 sections
• The Finance Act, 2020157 sections
• The Finance Act, 2024 (No. 1)13 sections
• The Direct Tax Vivad se Vishwas Act, 202012 sections

Provenance. 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.

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. Every one of the 134 sections of this Act has its own page. This page is not a substitute for legal advice.