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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Income Tax Act Update: Section 17 Amendment Increases Threshold from 10,000 to 15,000 Effective April 1, 1999.</h1> Section 17 of the Income-tax Act has been amended by the Finance (No. 2) Act, 1998. In clause (2) of the proviso, the monetary threshold mentioned in clause (v) is increased from 'ten thousand rupees' to 'fifteen thousand rupees.' This amendment takes effect from April 1, 1999.
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