Amendment of section 80D.

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..... rring after clause (d), the word "very" shall be omitted; (B) in sub-section (3),- (i) for the words "thirty thousand rupees" at both the places where they occur, the words "fifty thousand rupees" shall be substituted; (ii) the word "very" shall be omitted; (C) in sub-section (4),- (i) the words "or a very senior citizen" shall be omitted; (ii) for the words "thirty thousand rupees", t .....

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..... evant previous year" means the previous year beginning with the previous year in which such amount is paid and the subsequent previous year or years during which the insurance shall have effect or be in force.'; (E) in the Explanation occurring after sub-section (5), clause (ii) shall be omitted. - Clause 24 of the Bill seeks to amend section 80D of the Income-tax Act relating to deduction in .....

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..... for more than a year, then, subject to the provisions of this section, there shall be allowed for each of the relevant previous years, a deduction equal to the appropriate fraction of the amount. It is also proposed to define the expressions "appropriate fraction"and"relevant previous years". These amendments will take effect from 1st April, 2019 and will, accordingly, apply .....

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