Tax threshold wording in section 149 altered to substitute monetary threshold wording, changing applicability and giving retrospective effect. The amendment replaces the phrase "more than rupees one lakh" in section 149(1)(a)(iii) with "rupees one lakh", altering the qualifying criterion for that ... Summary
Tax threshold wording in section 149 altered to substitute monetary threshold wording, changing applicability and giving retrospective effect.
The amendment replaces the phrase "more than rupees one lakh" in section 149(1)(a)(iii) with "rupees one lakh", altering the qualifying criterion for that sub-clause and declaring the substitution effective from the commencement of the assessment year beginning 1st April, 1989.
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