Amendments to sections 40A(3), 269SS and 269T by Direct Taxes Laws (Amendment) Act, 1987--Date of applicability--Clarification regarding

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..... section 40A(3), 269SS and 269T of the Income-tax Act, 1961, have been amended by Direct Tax Laws (Amendment) Act (Act No. 4 of 1988) and consequently, the monetary ceilings prescribed under the aforesaid sections have been raised from Rs. 2,500 to Rs. 10,000, Rs. 10,000 to Rs. 20,000 and Rs. 10,000 to Rs. 20,000 respectively. As per provisions of section 1(2) of the Direct Tax Laws (Amendment) Act .....

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