Finance (No. 2) Act 1977 Section 11 - Bare Act

In section 36 of the Income-tax Act, in sub-section (1), for sub-clause (b) of clause (viii), the following sub-clause shall be substituted with effect from the 1st day of April, 1978, namely :-

(b) in the case of any other financial corporation, twenty-five per cent.,.