Clause 104 - Amendment of First Schedule. - Finance Bill, 2020

Amendment of First Schedule. 104. In the First Schedule to the Income-tax Act, in rule 5, after clause (c ), the following proviso shall be inserted, namely: Provided that any sum payable by the assessee under section 43B, which is added back in accordance with clause (a ) of this rule, shall be allowed as deduction in computing the income under the said rule in the previous year in which such sum is actually paid. .