In section 40A of the Income-tax Act, in sub-section (3), for the words "such expenditure shall not be allowed as a deduction", the words "twenty per cent. of such expenditure shall not be allowed as a deduction" shall be substituted with effect from the 1st day of April, 1996.
Finance Act, 1995 Section 11 - Bare Act |
| State | Central Government |
| Year | 1995 |
| Section Title | Amendment of Section 40a |
Act Info: