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<h1>Income-tax Act Amended: New Proviso in Section 57 Affects Foreign Companies' Income Computation from April 1, 1989.</h1> In the Finance (No. 2) Act, 1991, section 57 of the Income-tax Act is amended. The amendment replaces the existing proviso with a new one, effective from April 1, 1989. The new proviso specifies that certain clauses will not apply when computing income under specific clauses of sub-section (1) of section 115A for an assessee that is a foreign company.