Increase in section 88B threshold: statutory amendment raises the deductible limit and takes effect in April. Amendment increases the monetary threshold under section 88B by substituting the prior specified amount with a higher specified amount, changing the ceiling of that income-tax provision; the substitution takes effect from the first day of April following enactment.
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Increase in section 88B threshold: statutory amendment raises the deductible limit and takes effect in April.
Amendment increases the monetary threshold under section 88B by substituting the prior specified amount with a higher specified amount, changing the ceiling of that income-tax provision; the substitution takes effect from the first day of April following enactment.
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