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of <h1>Amendment to Income-tax Act Section 33A: New Cost Limits for Land in Hilly Areas Effective April 1, 1982.</h1> Section 33A of the Income-tax Act is amended to revise the proviso in sub-section (7) effective from April 1, 1982. The amendment specifies cost thresholds for land in hilly areas: forty thousand rupees per hectare in the district of Darjeeling, thirty-five thousand rupees per hectare in other hilly areas, and thirty thousand rupees per hectare elsewhere. Any cost exceeding these amounts is to be disregarded. The term 'district of Darjeeling' is defined as its status on February 28, 1981, the date when the Finance Bill, 1981 was introduced.
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