TMI BlogAmendment of section 8AX X X X Extracts X X X X X X X X Extracts X X X X ..... ndred rupees , the words two thousand rupees shall be substituted; (c) after the proviso, the following sub-section shall be inserted, namely: (1A) The pension and additional pension to every person shall be increased after every five years commencing from 1st April, 2023 on the basis of Cost Inflation Index provided under clause (v) of Explanation to section 48 of the Income-tax Act, 1961 (43 of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... section which relates to reimbursement of one first class rail fare plus one second class fare in respect of journey performed by the member in any class. It is further proposed to amend clause ( b ) of the aforesaid section, so as to reimburse one air fare for journey by air. It is also proposed to amend clause ( c ) of the aforesaid section so as to reimburse one fare for the journey performed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsion. The said section has been inserted with effect from 15th September, 2006 by the Salary, Allowances and Pension of Members of Parliament (Amendment) Act, 2006. It is proposed to amend sub-section ( 2 ) of the aforesaid section so as to remove the reference of 2006 amendment Act to remove any confusion regarding interpretation of the aforesaid section retrospectively with effect from 15th Sep ..... X X X X Extracts X X X X X X X X Extracts X X X X
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