Section 2 - Amendment of section 2 - Direct Tax Laws (Second Amendment) Act, 1989

CHAPTER II AMENDMENTS TO THE INCOME-TAX ACT, 1961 2. Amendment of section 2. In section 2 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Income-tax Act),- (i) for clause (39), the following clause shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1989, namely :- (39) registered firm means a firm registered under the provisions of clause (a) of sub-section (1) of section 185 or deemed to be registered under the provisions of sub-section (6) of that section or under those provisions read with sub-section (7) of section 184; ; (ii) after clause (42B), the following clause shall be inserted, namely :- (42C) security means a Government security as defined in clause (2) of section 2 of the Public Debt Act, 1944 (18 of 1944); .