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Section 18 - Amendment of section 115A - Direct Tax Laws (Amendment) Act, 1989Extract 18. Amendment of section 115A. In section 115A of the Income-tix Act, in sub-section (1), - (i) after clause (aa), the following clause shall be inserted, namely :- (ab) income received in respect of units, purchased in foreign currency, of a Mutual Fund specified under clause (23D) of section 10; or ; (ii) after clause (ia), the following clause shall be inserted, namely: - (ib) the amount of income-tax calculated on the income in respect of units referred to in clause (ab), if any, included in the total income, at the rate of twenty-five per cent ; ; (iii) in the Explanation,- (A) clause (b) shall be omitted; (B) clause (bb) shall be re-lettered as clause (b).
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