Section 36 - Amendment of section 80-IA - Finance (No. 2) Act, 2009

Amendment of section 80-IA. 36. In section 80-IA of the Income-tax Act,— (a) in sub-section (2), the words "or lays and begins to operate a cross-country natural gas distribution network" shall be omitted with effect from the 1st day of April, 2010; (b) in sub-section (3), the words, brackets and letters "or clause (vi)" shall be omitted with effect from the 1st day of April, 2010; (c) in sub-section (4),— (A) in clause (iii), in the second proviso, for the words, figures and letters "the 31st day of March, 2009", the words, figures and letters "the 31st day of March, 2011" shall be substituted.'. (B) in clause (iv), for the words, figures and letters "the 31st day of March, 2010" wherever they occur, the words, figures and letters "31st day of March, 2011" shall be substituted; (C) in clause (v), in sub-clause (b), for the figures, letters and words "31st day of March, 2008", the figures, letters and words "31st day of March, 2011" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2008; (D) clause (vi) shall be omitted with effect from the 1st day of April, 2010; (d) after sub-section (13), for the Explanation, the following Explanation shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2000, namely:— "Explanation.—For the removal of doubts, it is hereby declared that nothing contained in this section shall apply in relation to a business referred to in sub-section (4) which is in the nature of a works contract awarded by any person (including the Central or State Government) and executed by the undertaking or enterprise referred to in sub-section (1).".