Amendment to section 44D removes specified clauses, changing the statutory taxation scope effective next fiscal year. The Finance Act, 1994 amends the Income-tax Act by directing that clauses (c) and (d) of section 44D are omitted; this omission takes effect from the commencement of the fiscal year specified in the enactment and thereby changes the statutory scope of section 44D by removing those clauses.
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Amendment to section 44D removes specified clauses, changing the statutory taxation scope effective next fiscal year.
The Finance Act, 1994 amends the Income-tax Act by directing that clauses (c) and (d) of section 44D are omitted; this omission takes effect from the commencement of the fiscal year specified in the enactment and thereby changes the statutory scope of section 44D by removing those clauses.
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