Clause 3 - Amendment of Section 2 - Finance Bill, 2013

CHAPTER III DIRECT TAXES Income-tax Amendment of Section 2 3 . In section 2 of the Income-tax Act, with effect from the 1st day of April, 2014, (a) in clause (1A), (1) in sub-clause (c), in the proviso, in clause (ii), (i) in item (A), the words according to the last preceding census of which the relevant figures have been published before the first day of the previous year shall be omitted; (ii) for item (B), the following item shall be substituted, namely: (B) in any area within the distance, measured aerially, (I) not being more than two kilometres, from the local limits of any municipality or cantonment board referred to in item (A) and which has a population of more than ten thousand but not exceeding one lakh; or (II) not being more than six kilometres, from the local limits of any municipality or cantonment board referred to in item (A) and which has a population of more than one lakh but not exceeding ten lakh; or (III) not being more than eight kilometres, from the local limits of any municipality or cantonment board referred to in item (A) and which has a population of more than ten lakh. ; (2) after Explanation 3, the following Explanation shall be inserted, namely: Explanation 4. For the purposes of clause (ii) of the proviso to sub-clause (c), population means the population according to the last preceding census of which the relevant figures have been published before the first day of the previous year; ; (b) in clause (14), in sub-clause (iii), (i) in item (a), the words according to the last preceding census of which the relevant figures have been published before the first day of the previous year shall be omitted; (ii) for item (b), the following shall be substituted, namely: (b) in any area within the distance, measured aerially, (I) not being more than two kilometres, from the local limits of any municipality or cantonment board referred to in item (a) and which has a population of more than ten thousand but not exceeding one lakh; or (II) not being more than six kilometres, from the local limits of any municipality or cantonment board referred to in item (a) and which has a population of more than one lakh but not exceeding ten lakh; or (III) not being more than eight kilometres, from the local limits of any municipality or cantonment board referred to in item (a) and which has a population of more than ten lakh. Explanation . For the purposes of this sub-clause, population means the population according to the last preceding census of which the relevant figures have been published before the first day of the previous year; .