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of <h1>Amendment to Income-tax Act Section 40A: Revised Monetary Limits and New Deduction Restrictions Effective April 1985.</h1> The amendment to Section 40A of the Income-tax Act, effective from April 1, 1985, revises monetary limits in sub-sections (5) and (6). Specifically, the limits in clause (a) increase from seventy-two thousand to one hundred and two thousand rupees, and in clause (c), from five thousand to seven thousand five hundred rupees and from sixty thousand to ninety thousand rupees. New sub-sections (9), (10), and (11) are introduced, effective from April 1, 1980, restricting deductions for employer contributions to certain entities unless specified conditions are met. Provisions for repayment or asset transfer of unutilized amounts are also included.
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