Part XIVAMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189 )
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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