Section 3 - Amendment of section 10 - Finance Act, 1986

CHAPTER III DIRECT TAXES Income-tax 3. Amendment of section 10 In section 10 of the Income-tax Act, with effect from the 1st day of April, 1987, - (a) in clause (3), for the words not being winnings from lotteries, to the extent such receipts do not exceed one thousand rupees in the aggregate , the words to the extent such receipts do not exceed five thousand rupees in the aggregate shall be substituted; (b) in clause (13A), the brackets and words (not exceeding four hundred rupees per month) shall be omitted.