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<h1>Income-tax (Amendment) Act, 1989: Updates to Income-tax Act 1961, effective from January 24, 1989.</h1> The Income-tax (Amendment) Act, 1989, enacted by the Parliament of India, received presidential assent on April 1, 1989. This legislation amends the Income-tax Act of 1961 and is officially cited as the Income-tax (Amendment) Act, 1989. It is deemed to have been in effect from January 24, 1989.