Section 8 - Amendment of section 36 - Finance Act, 1989

8. Amendment of section 36 In section 36 of the Income-tax Act, in sub-section (1), after clause (ix) and the provisos thereto, the following clause shall be inserted, namely :- (x) any sum paid by a public financial institution by way of contribution towards any fund specified under clause (23E) of section 10. Explanation : For the purposes of this clause, public financial institution shall have the meaning assigned to it in section 4A of the Companies Act, 1956 (1 of 1956). .