Section 32 - Amendment of section 80RR - Finance (No. 2) Act, 1996

32. Amendment of section 80RR In section 80RR of the Income-tax Act, for the portion beginning with the words equal to and ending with the words whichever is higher , the following shall be substituted with effect from the 1st day of April, 1997, namely :- equal to seventy-five per cent. of such income, as is brought into India by, or on behalf of, the assessee in convertible foreign exchange within a period of six months from the end of the previous year or where the Chief Commissioner or Commissioner is satisfied (for reasons to be recorded in writing) that the assessee is, for reasons beyond his control unable to do so within the said period of six months, within such further period as the Chief Commissioner or Commissioner may allow in this behalf : Provided that no deduction under this section shall be allowed unless the assessee furnishes a certificate, in the prescribed form, along with the return of income, certifying that the deduction has been correctly claimed in accordance with the provisions of this section.