Amendment of section 80C

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....able to tax, - (i) as subscription to any such security of the Central Government as that Government may, by notification in the Official Gazette, specify in this behalf; or (ii) for the purposes of purchase or construction of a residential house property the construction of which is completed after the 31st day of March, 1987, and the income from which is chargeable to tax under the head "Income from house property" (or which would, if it had not been used for the assessee's own residence, have been chargeable to tax under that head), where such payments are made towards or by way of - (a) any instalment or part payment of the amount due under any self-financing or other scheme of any development authority, housing boar....

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.... the consideration for the purchase of the house property is a composite amount and the cost of the land alone cannot be separately ascertained; or (C) the cost of any addition or alteration to, or renovation or repair of, the house property which is carried out after the issue of the completion certificate in respect of the house property by the authority competent to issue such certificate or after the house property or any part thereof has either been occupied by the assessee or any other person on his behalf or been let out; or (D) any expenditure in respect of which deduction is allowable under the provisions of section 24;'; (b) in sub-section (4), in clause (ii), for the words, brackets, letter and figure "referred to ....