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17. Amendment of section 88E. |
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—In section 88E of the Income-tax Act, after sub-section (2), the following sub-section shall be inserted, namely:—
"(3) No deduction under this section shall be allowed in, or after, the assessment year beginning on the 1st day of April, 2009.".
Clause 17 seeks to amend section 88E of the Income-tax Act, relating to rebate in respect to securities transaction tax.
The amendment seeks to provide that no deduction of Income-tax under this section shall be allowed in, or after, the assessment year beginning on the 1st April, 2009.
This amendment will take effect from 1st April, 2008.
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