Section 30 - Amendment of section 80L - Finance (No. 2) Act, 1996

30. Amendment of section 80L In section 80L of the Income-tax Act, in sub-section (1), with effect from 1st day of April, 1997, - (a) in clauses (1) and (2), for the words thirteen thousand , the words twelve thousand shall be substituted; (b) after clause (2), the following proviso shall be inserted, namely :- Provided that where any income referred in clause (iv), clause (v) or clause (va) remains unallowed after the deduction under the foregoing provision of this section, there shall be allowed in computing the total income of the assessee, an additional deduction of an amount equal to so much of such income as has remained unallowed; so, however, that the amount of such additional deduction shall not exceed three thousand rupees.