TMI BlogAmendment of section 80D.X X X X Extracts X X X X X X X X Extracts X X X X ..... proviso occurring after clause (d), the word very shall be omitted; (B) in sub-section (3),- (i) for the words thirty thousand rupees at both the places where they occur, the words fifty thousand rupees shall be substituted; (ii) the word very shall be omitted; (C) in sub-section (4),- (i) the words or a very senior citizen shall be omitted; (ii) for the words thirty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ious years; (ii) relevant previous year means the previous year beginning with the previous year in which such amount is paid and the subsequent previous year or years during which the insurance shall have effect or be in force. ; (E) in the Explanation occurring after sub-section (5), clause (ii) shall be omitted. - Clause 24 of the Bill seeks to amend section 80D of the Income-tax A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alth of a person specified therein for more than a year, then, subject to the provisions of this section, there shall be allowed for each of the relevant previous years, a deduction equal to the appropriate fraction of the amount. It is also proposed to define the expressions appropriate fraction and relevant previous years . These amendments will take effect from 1st April, 2019 and will, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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