Amendment of section 32
Amendment of section 32
10. In section 32 of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1984,-—
(a) in clause (ii), in the first proviso, for the words "seven hundred and fifty rupees", the words "five thousand rupees" shall be substituted;
(b) in clause (iv), the words, brackets and figures "but any such sum shall not be deductible in determining the written down value for the purposes of clause (ii) of sub-section (1);" shall be omitted;
(c) in clause (v), the words, brackets and figures "but any such sum shall not be deductible in determining the written down value for the purposes of clause (ii);" shall be omitted.
[Finance Act, 1983]