Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income-tax Act Section 43B Amended: Tax, Duty, Fee Payments Included; New Clause on Loan Interest from Public Financial Institutions.</h1> Section 43B of the Income-tax Act, as amended by the Direct Tax Laws (Amendment) Act, 1987, is further amended effective April 1, 1989. Clause (a) is replaced to include any sum payable by the assessee as tax, duty, cess, or fee. Clause (c) is modified to include 'or' at the end, and a new clause (d) is added for sums payable as interest on loans from public financial institutions. The first proviso and Explanation 2 are updated to reference clause (d). Explanation 3 defines 'public financial institution' per section 4A of the Companies Act, 1956.
TaxTMI 
TaxTMI 
