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of <h1>Section 43B Amended: Deductions Allowed if Payments Made by Tax Return Due Date with Proof Submitted.</h1> Section 43B of the Income-tax Act is amended to include new provisos effective April 1, 1988. The first proviso states that the section does not apply to sums paid by the assessee on or before the due date for filing the income return for the previous year, provided evidence of payment is submitted with the return. The second proviso specifies that deductions for sums mentioned in clause (b) are only allowed if paid during the previous year by the due date as defined in the Explanation under clause (va) of section 36(1).
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