Insertion of Tenth Schedule

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....PLY IN CASES WHERE THE PREVIOUS YEAR IN RELATION TO THE ASSESSMENT YEAR COMMENCING ON THE 1ST APRIL, 1989, REFERRED TO IN SECTION 3 (2), EXCEEDS TWELVE MONTHS 1. Definition. In this Schedule, "transitional previous year" means the period reckoned as the previous year for the assessment year commencing on the 1st day of April, 1989, in the manner specified in sub-section (2) of section 3 and,....

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....shall be construed as a reference to the said amount or amounts ag increased by multiplying each such amount by a fraction of which the numerator is the number of months in the transitional previous year and the denominator is twelve: Provided that for the purposes of this rule and rules 5 and 6, where the transitional previous year includes a part of a month, then, if such part is fifteen days ....

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.... . . . . .  2,000 Section 80U . . . . . . 15,000 Section 139A . . . . . . 50,000 4. Modification in section 6 Where the transitional previous year comprises a period of eighteen months or more, then, sub-section (1) of section 6 shall be subject to the modification that references therein to the periods of one hundred and eighty-two days and ninety days shall be construed as referenc....