AMENDMENT OF SECTION 80-O In Section 80-0 of the Income Tax Act, for the portion beginning with the words "a deduction
i) forty per cent for an assessment year beginning on the 1st day of April, 2001; (ii) thirty per cent for an assessment year beginning on the 1st day of April, 2002; (iii) twenty per cent for an assessment year beginning on the 1st day of April, 2003; (iv) ten per cent for an assessment year beginning on the 1st day of April, 2004, of the income so received in, or brought into India, in computing the total income of the assessee and no deduction shall be allowed in respect of the assessment year beginning on the 1st day of April, 2005 and any subsequent assessment year".