Amendment of section 87A.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... "twenty-five thousand rupees", the words "sixty thousand rupees" shall be substituted; (ii) in clause (b), for the words "seven hundred thousand rupees" at both the places where they occur, the words "twelve hundred thousand rupees" shall be substituted; (b) after the proviso, the following proviso shall be inserted, namely:-- "Provided further that the deduction under the first proviso, sha....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....come of the assessee is chargeable to tax under sub-section (1A) of section 115BAC, and the total income-- (a) does not exceed seven hundred thousand rupees, the assessee shall be entitled to a deduction from the amount of income-tax (as computed before allowing for the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to o....