Clause 80 - Amendment of section 194LBA. - Finance Bill, 2016

Amendment of section 194LBA. 80. In section 194LBA of the Income-tax Act, with effect from the 1st day of June, 2016,- (i) in sub-section (1), for the words, brackets, figures and letters in clause (23FC) , the words, brackets, figures and letters in sub-clause (a) of clause (23FC) shall be substituted; (ii) in sub-section (2), for the words, brackets, figures and letters in clause (23FC) , the words, brackets, figures and letters in sub-clause (a) of clause (23FC) shall be substituted.