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<h1>Finance Act 2015 Updates: Key Amendments to Section 65B Including New Definitions and Omitted Clauses</h1> The Finance Act, 2015 amends section 65B of the Finance Act, 1994, introducing several changes. Clause (9) and clause (24) are omitted, while new definitions are added, including 'foreman of chit fund,' 'Government,' and 'lottery distributor or selling agent.' The term 'Government' excludes entities not required to maintain accounts under Article 150 of the Constitution. The phrase 'alcoholic liquors for human consumption' is removed from clause (40). Explanation 2 of clause (44) is revised to exclude certain monetary transactions from the definition of 'transaction in money or actionable claim.' Clause (49) is also omitted.