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        F. Acts / Amendment Acts

        Section 12 - Amendment of section 36.

        Finance (No. 2) Act, 2024
        Chapter III
        DIRECT TAXES - Income-tax

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        Deduction rate adjusted, altering calculation and eligibility for specified business deductions from next fiscal year. The amendment substitutes the percentage in section 36(1), clause (iva), replacing the prior rate with fourteen per cent, thereby changing the computation of the specified deduction; this substitution takes effect from the commencement of the financial year beginning on the first day of April, 2025.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Deduction rate adjusted, altering calculation and eligibility for specified business deductions from next fiscal year.

                              The amendment substitutes the percentage in section 36(1), clause (iva), replacing the prior rate with fourteen per cent, thereby changing the computation of the specified deduction; this substitution takes effect from the commencement of the financial year beginning on the first day of April, 2025.


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