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Amendment of section 194LA.

Clause 79 - Bills - DIRECT TAXES - FINANCE BILL, 2016 - Clause 79 - 79. In section 194LA of the Income-tax Act, in the proviso, for the words two hundred thousand rupees , the words two lakh and fifty thousand rupees shall be substituted with effect .....

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rovide that no deduction shall be made in case where the amount of compensation or aggregate of such sum relating to acquisition of immovable property (other than agricultural land), credited or paid or likely to be credited or paid during the financ .....

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