Amendment to section 24 extends the specified proviso period to five years, effective from 1 April 2017. The Finance Act, 2016 amends the second proviso of clause (b) of section 24 of the Income tax Act by substituting the prior three year term with a five ... Summary
Amendment to section 24 extends the specified proviso period to five years, effective from 1 April 2017.
The Finance Act, 2016 amends the second proviso of clause (b) of section 24 of the Income tax Act by substituting the prior three year term with a five years duration, effective from 1 April 2017, thereby extending the temporal limit set by that proviso.
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