Amendment to Section 45 removes the phrase linking subsection (1B) to the fourth and fifth provisos, effective next fiscal year. Amendment to Section 45(1B) of the Income-tax Act omits the words "on account of the applicability of the fourth and fifth provisos thereof," with effect ... Summary
Amendment to Section 45 removes the phrase linking subsection (1B) to the fourth and fifth provisos, effective next fiscal year.
Amendment to Section 45(1B) of the Income-tax Act omits the words "on account of the applicability of the fourth and fifth provisos thereof," with effect from 1 April 2026, thereby removing the explicit textual reference in that subsection to the fourth and fifth provisos.
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