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of <h1>Finance Bill 2016 amends Finance Act 2015 to streamline Senior Citizens' Welfare Fund management and claims process.</h1> Clause 235 of the Finance Bill, 2016 amends the Finance Act, 2015 by omitting clause (ii) of section 4 effective April 1, 2016. From June 1, 2016, it revises section 122 to give overriding effect to provisions concerning the Senior Citizens' Welfare Fund, despite other laws. It removes sub-section (5) of section 124, which deals with claims to unclaimed amounts in the Fund. Additionally, it omits clause (c) of sub-section (2) in section 128, which pertains to rule-making authority related to the Fund. These changes aim to streamline the management and claims process of the Senior Citizens' Welfare Fund.
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