Section 5 - Amendment of section 16 - Finance Act, 1989

5. Amendment of section 16 In section 16 of the Income-tax Act, with effect from the 1st day of April, 1990, - (a) in clause (i), - (i) the proviso shall be omitted; (ii) for the word and figure Explanation 1 , the word Explanation shall be substituted; (iii) Explanation 2 shall be omitted; (b) after clause (ii), the following clause shall be inserted, namely :- (iii) a deduction of any sum paid by the assessee on account of a tax on employment within the meaning of clause (2) of article 276 of the Constitution, leviable by or under any law.