Section 46 - Amendment of section 88 - Finance Act, 2000

46. Amendment of section 88 In section 88 of the Income-tax Act,- (a) in sub-section (2), in clause (xv), in sub-clause (c), in item (5), for the words, brackets and figures which is approved for the purposes of clause (viii) of sub-section (1) of section 36 , the words, brackets and figures which is eligible for deduction under clause (viii) of sub-section (1) of section 36 shall be substituted; (b) in sub-section (5), for the words ten thousand rupees , at both the places where they occur, the words twenty thousand rupees shall be substituted with effect from the 1st day of April, 2001. (c) in sub-section (6), in clause (ii), for the words fourteen thousand rupees , the words sixteen thousand rupees shall be substituted with effect from the 1st day of April, 2001.