Amendment of section 194A.

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....upees in case of business or fifty lakh rupees in case of profession" shall be substituted; (II) in sub-section (3),-- (A) in clause (i), the Explanation shall be omitted; (B) in clause (iii), after sub-clause (f), the following proviso shall be inserted, namely:- ''Provided that no notification under this sub-clause shall be issued on or after the 1st day of April, 2....

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....and forty thousand rupees in any other case."; (D) after Explanation 1, the following Explanation shall be inserted, namely:- 'Explanation 2.-For the purposes of this sub-section, "senior citizen" means an individual resident in India who is of the age of sixty years or more at any time during the relevant previous year.'; (III) after sub-section (4), the following sub-section....