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of <h1>Amendment to Thirteenth Schedule of Income-tax Act Alters Tax Deductions for Paper Products Starting April 2010</h1> Clause 81 of the Finance (No. 2) Bill, 2009, proposes an amendment to the Thirteenth Schedule of the Income-tax Act, specifically altering serial number 19 under Part B. This amendment updates the list of articles, their Excise classifications, and sub-classes under the National Industrial Classification (NIC), 1998. The changes pertain to various types of paper and paperboard products, including pulp-wood pulp, newsprint, and paper used for educational textbooks and Braille presses. The amendment aims to adjust the criteria for tax deductions in Himachal Pradesh and Uttarakhand, effective from April 1, 2010.
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