Monetary threshold prescription replaces fixed limits in section seventeen, allowing amounts to be prescribed from the next fiscal year.

Amendment to the Income-tax Act substitutes fixed monetary ceilings in section 17(2) with authority to prescribe amounts, replacing the fixed figure in sub-clause (iii)(c) and the fixed figure in the proviso after sub-clause (viii), clause (vi), clause (B) with "such amount as may be prescribed," effective from the start of the specified fiscal year.

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