AMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC.Finance Act, 2017
AMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC.Finance Act, 2017
Proviso excluding wound up funds: amendment clarifies clause non-application to funds wound up in the previous year. The amendment inserts a proviso excluding wound up funds into clause (j) of sub-section (3) of section 9A of the Income-tax Act, stating that nothing in ... Summary
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Proviso excluding wound up funds: amendment clarifies clause non-application to funds wound up in the previous year.
The amendment inserts a proviso excluding wound up funds into clause (j) of sub-section (3) of section 9A of the Income-tax Act, stating that nothing in that clause shall apply to a fund which has been wound up in the previous year, and deems this proviso effective from the first day of April, 2016.
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