Section 3 - Amendment of section 10 - Taxation Laws (Amendment & Miscellaneous Provisions) Act, 1986

3. Amendment of section 10. In section 10 of the Income-tax Act, for clause (17), the following clause shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1986, namely :- (17) any income by way of- (i) daily allowance received by any person by reason of his membership of Parliament or of any State Legislature or of any Committee thereof; and (ii) all other allowances not exceeding rupees twelve hundred and fifty per month in the aggregate received by any person by reason of his membership of Parliament or of any Committee thereof, or all other allowances not exceeding rupees six hundred per month in the aggregate received by any person by reason of his membership of any State Legislature or any Committee thereof, which the Central Government may, by notification in the Official Gazette, specify in this behalf; .