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of <h1>Finance Bill 2017 amends Income-tax Act Section 58 to include new non-deductible amounts for income computation.</h1> Clause 30 of the Finance Bill, 2017 amends section 58 of the Income-tax Act, specifically sub-section (1A), to include sub-clause (ia) alongside sub-clause (iia) in the list of non-deductible amounts for computing income from other sources. This change aligns the treatment of such income with the provisions applicable to the computation of income under 'Profit and gains of business or profession.' The amendment is effective from April 1, 2018, and applies to the assessment year 2018-2019 and subsequent years.
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