Amendment of section 87A.

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..... ection 115BAC, this section shall have the effect as if, (a) for the words five hundred thousand rupees , the words seven hundred thousand rupees ; (b) for the words twelve thousand and five hundred rupees , the words twenty-five thousand rupees had been substituted. . - Clause 43 of the Bill seeks to amend section 87A of the Income-tax Act relating to rebate of income-tax in .....

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..... rupees , the words seven hundred thousand rupees ; (ii) for the words twelve thousand and five hundred rupees , the words twenty-five thousand rupees , had been substituted. This amendment will take effect from 1st April, 2024 and will, accordingly, apply in relation to the assessment year 2024-2025 and subsequent assessment years. - statute, statutory provisions legislation, law, .....

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