TMI BlogAmendment of section 43B.X X X X Extracts X X X X X X X X Extracts X X X X ..... deemed never to have been applied to a sum received by the assessee from any of his employees to which the provisions of sub-clause (x) of clause (24) of section 2 applies. . - Clause 9 of the Bill seeks to amend section 43B of the Income-tax Act relating to certain deductions to be only on actual payments. Clause (b) of the said section provides that any sum payable by the assessee as an em ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red as aforesaid and the evidence of such payment is furnished by the assessee along with such return. It is proposed to insert Explanation 5 to the said section so as to clarify that the provisions of that section shall not apply and shall be deemed never to have been applied to a sum received by the assessee from any of his employees to which the provisions of sub-clause (x) of clause (24) of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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