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<h1>Income-tax Act Section 40A amended: Monetary threshold in sub-section (3) raised from ten to twenty thousand, effective April 1, 1997.</h1> Section 40A of the Income-tax Act has been amended by the Finance (No. 2) Act, 1996. In sub-section (3), the monetary threshold has been increased from 'ten thousand' to 'twenty thousand.' This change is effective from April 1, 1997.