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of <h1>Amendment to Section 271C: Removal of 'Second' in Line with Updated Section 194B Provisions Effective April 2022.</h1> Clause 77 of the Finance Bill, 2022 amends section 271C of the Income-tax Act, which addresses penalties for not deducting tax at source. Specifically, it removes the word 'second' from sub-clause (ii) of clause (b) in sub-section (1), aligning with the omission of the first proviso to section 194B by the Finance Act, 1999. This change reflects the current structure of section 194B, which now contains only one proviso. The amendment is effective from April 1, 2022.
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