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of <h1>New Sub-section (8) Added to Section 13 of Income-tax Act: Impacts Taxable Income Calculation from April 1, 2009.</h1> Section 13 of the Income-tax Act is amended by inserting a new sub-section (8) between sub-section (7) and Explanation 1. This amendment, effective from April 1, 2009, specifies that sections 11 and 12 do not exclude any income from the total income of the previous year for a person if the first proviso to clause (15) of section 2 applies to that person in the previous year. This change impacts the calculation of taxable income under certain conditions.
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