Amendment of section 56.

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....eferred to in the second proviso to sub-section (1) of section 43CA, the provisions of sub-item (ii) of item (B) shall have effect as if for the words "ten per cent.", the words "twenty per cent." had been substituted;"; (b) in the proviso, in clause (IX) after the words, brackets and figures "clause (vii)", the words, brackets, figures and letters "or clause (viiac) or clause (viiad)" sh....

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....iso to sub-section (1) of section 43CA, the provisions of sub-item (ii) of item (B) of the said clause shall have the effect as if for the words "ten per cent.", the words "twenty per cent." had been substituted. This amendment will take effect from 1st April, 2021 and will, accordingly, apply in relation to the assessment year 2021-2022 and subsequent assessment years. Clause (x) of sub-sec....