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<h1>Finance Act 2022 amends Income-tax Act Section 201: New proviso mandates interest payment for defaults.</h1> Section 201 of the Income-tax Act has been amended by the Finance Act, 2022. In sub-section (1A), a new proviso is added stating that if the Assessing Officer issues an order for a default under sub-section (1), the individual must pay interest as stipulated in that order.