Clause 28 - Amendment of section 55. - Finance Bill, 2017

Amendment of section 55. 28. In section 55 of the Income-tax Act, with effect from the 1st day of April, 2018,- (A) in sub-section (1), in clause (b), in sub-clause (2), in item (i), for the figures, letters and words 1st day of April, 1981 , the figures, letters and words 1st day of April, 2001 shall be substituted; (B) in sub-section (2), in clause (b), for the figures, letters and words 1st day of April, 1981 wherever they occur, the figures, letters and words 1st day of April, 2001 shall be substituted.