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Finance Acts

Section - 20 - Amendment of section 87A

Amendment of section 87A.

20. In section 87A of the Income-tax Act, with effect from the 1st April, 2026,-

(a)- in the proviso,-
(i)- in clause (a),-
(I)- for the words "seven hundred thousand rupees", the words "twelve hundred thousand rupees" shall be substituted;
(II)- for the words "twenty-five thousand rupees", the words "sixty thousand rupees" shall be substituted;
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