Section 54 - Consequential amendments - Finance Act, 1988

54. Consequential amendments The following amendments (being amendments of a consequential nature) shall be made in the Income-tax Act, namely :- (i) in section 2, in clause (24), sub-clause (viii) shall be omitted; (ii) in section 18, in sub-section (1), in clause (i), the words, figures and letters not being interest payable under section 280D in respect of any annuity deposit made under Chapter XXIIA shall be omitted; (iii) in section 29 [as amended by the Direct Tax Laws (Amendment) Act, 1987 (4 of 1988)], for the words, figures and letter sections 30 to 43B , the words, figures and letter sections 30 to 43C shall be substituted; (iv) in section 33, in sub-section (2) and the Explanation there under, the words, figures and letter or section 280-O shall be omitted; (v) in section 33A, in sub-section (2) and the Explanation there under, the words, figures and letter or section 280-O shall be omitted; (vi) in section 80B, in clause (5), the words, figures and letter or under section 280-O shall be omitted; (vii) in section 80J, in sub-section (3), the words, figures and letter or section 280-O shall be omitted; (viii) in section 80L, in sub-section (1), in clause (i), the brackets, words, figures and letters (not being interest payable under section 280D in respect of any annuity deposit made under Chapter XXIIA) shall be omitted; (ix) in section 194A, in sub-section (1), for the words chargeable under the head Interest on securities , the words by way of interest on securities shall be substituted with effect from the 1st day of April, 1989; (x) in section 253 in sub-section (1), in clause (c), the words, figures and letter or under section 285A, shall be omitted .