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of <h1>Finance Act 2006 amends Income-tax Act Section 40: Clarifies tax relief inclusion under sections 90, 90A, and 91.</h1> In the Finance Act of 2006, section 40 of the Income-tax Act is amended by inserting two explanations. Explanation 1 clarifies that any sum paid as a rate or tax includes sums eligible for tax relief under section 90 or deductions under section 91. Explanation 2, effective from June 1, 2006, further clarifies that such sums also include those eligible for tax relief under section 90A. These amendments aim to remove doubts regarding the inclusion of certain tax reliefs in sums paid as taxes or rates.
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