Amendment of Section 36
In section 36 of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1995, -
(a) in clause (viia), in sub-clause (a), -
(i) the words, brackets, figures and letter "a bank approved by the Central Government for the purposes of clause (viiia) or" shall be omitted;
(ii) for the words "four per cent.", the words "ten per cent." shall be substituted;
(b) clause (viiia) shall be omitted.