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of <h1>Amendment to Section 80L: Deduction Limit Reduced and New Proviso Added for Certain Incomes, Effective April 1, 1997.</h1> Section 80L of the Income-tax Act was amended by the Finance (No. 2) Act, 1996, effective April 1, 1997. The amendment reduced the deductible amount in clauses (1) and (2) from thirteen thousand to twelve thousand rupees. Additionally, a proviso was added allowing an extra deduction for certain unallowed income under clauses (iv), (v), or (va), capped at three thousand rupees. This amendment impacts the computation of total income for taxpayers by adjusting permissible deductions.
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