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Section66
The Finance Act, 2022

Amendment of section 234B

In force Act 6 of 2022 As on 09 Oct 2026

Act 6 of 2022 Ministry Finance

Section 66 of the Finance Act, 2022 deals with amendment of section 234B. Amendment of section 234B. 66. In section 234B of the Income-tax Act, in sub-section (1), for Explanation 3, the following Explanation shall be substituted, namely:— 'Explanation 3.—In Explanation 1 and in sub-section (3),— (i) | "tax on total income as determined under sub-section (1) of section "

Amendment of section 234B.

66. In section 234B of the Income-tax Act, in sub-section (1), for Explanation 3, the following Explanation shall be substituted, namely:—

'Explanation 3.—In Explanation 1 and in sub-section (3),—

(i)"tax on total income as determined under sub-section (1) of section 143" shall not include the additional income-tax, if any, payable under section 140B or section 143; and
(ii)tax on the total income determined under such regular assessment shall not include the additional income-tax payable under section 140B.'.
Section 66, The Finance Act, 2022 (Act 6 of 2022).

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. 234B Interest for defaults in payment of advance tax

Questions about Section 66

What does Section 66 of the Finance Act deal with?

Section 66 of the Finance Act is headed "Amendment of section 234B". Amendment of section 234B. 66. In section 234B of the Income-tax Act, in sub-section (1), for Explanation 3, the following Explanation shall be substituted, namely:— 'Explanation 3.—In Explanation 1 and in sub-section (3),— (i) | "tax on total income as determined under sub-section (1) of section "

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 2022 66, section 66 Finance Act 2022, 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.

What should I read with Section 66 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 234B (Interest for defaults in payment of advance tax), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2022 as Act 6 of 2022. 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.