Taxation Laws (Amendment) Act, 2019
Section - 7 - Amendment of section 115JB
Amendment of section 115JB.7. In section 115JB of the Income-tax Act, with effect from the 1st day of April, 2020,-
| (a) | - | in sub-section (1), the following proviso shall be inserted, namely:- |
| - | 'Provided that for the previous year relevant to the assessment year commencing on or after the 1st day of April, 2020, the provisions of this sub-section shall have effect as if for the words "eighteen and one-half per cent" occurring at both the places, the words "fifteen per cent" had been substituted.'; | |
| (b) | - | for sub-section (5A), the following sub-section shall be substituted, namely:- |
| - | "(5A) The provisions of this section shall not apply to,- |
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