Finance (No. 2) Act, 1980 Section 5 - Bare Act

In section 16 of the Income-tax Act, with effect from the 1st day of April, 1981, -

(a) in clause (i), -

(i) for the words "in respect of expenditure incidental to the employment of the assessee,", the words "a deduction of" shall be substituted;

(ii) in sub-clause (a) and (b), the words "derived from such employment" shall be omitted;

(b) in clause (ii), for the words "in respect of any allowance", the words "a deduction in respect of any allowance" shall be substituted.