Section 3 - Amendment of section 2 - Finance (No. 2) Act, 1991

CHAPTER III DIRECT TAXES Income-tax 3. Amendment of section 2. In section 2 of the Income-tax Act,- (a) in clause (29C), after the words in the case of an individual , the words association of persons or, as the case may be, body of individuals shall be inserted; (b) in clause (37A), with effect from the 1st day of October, 1991,- (i) in sub-clause (ii), for the figures, letter and word , 194D and 195 , the word, figures and letter and 194D shall be substituted; (ii) after sub-clause (ii), the following sub-clause shall be inserted, namely: (iii) for the purposes of deduction of tax under section 195, the rate or rates of income-tax specified in section 115A or the rate or rates of income-tax specified in this behalf in the Finance Act of the relevant year, whichever is applicable;