Threshold increase in Section 74 adjusts the proviso's monetary cutoff, altering eligibility and application of that clause.

The amendment substitutes a higher monetary limit for the earlier specified limit in the proviso to clause (a) of sub section (1) of section 74 of the Income tax Act, thereby altering the numerical cutoff in that proviso; the substitution takes effect from the commencement date provided in the Finance Act, changing the eligibility parameter for matters occurring on or after that date.

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