{"act":{"id":"finance-act-2000","short_title":"The Finance Act, 2000","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2000-2001.","act_number":null,"act_year":2000,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":82,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2000/"},"unit":"section","section":{"number":"40","heading":"Amendment of section 80L","text":"Amendment of section 80L. 40. In section 80L of the Income-tax Act, in sub-section (1),— (a) in clause (vii),— (i) after the words \"industrial development in India:\", the words, brackets and figures \"and which is eligible for deduction under clause (viii) of sub-section (1) of section 36;\" shall be inserted; (ii) the proviso shall be omitted; (b) in clause (x), for the words \"for residential purposes:\", the words, brackets and figures \"for residential purposes and which is eligible for deduction under clause (viii) of sub-section (1) of section 36,\" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 80L.</b></p><p><b>40.</b> In section 80L of the Income-tax Act, in sub-section (1),—</p><p>(<i>a</i>) in clause (<i>vii</i>),—</p><p>(<i>i</i>) after the words \"industrial development in India:\", the words, brackets and figures \"and which is eligible for deduction under clause (<i>viii</i>) of sub-section (1) of section 36;\" shall be inserted;</p><p>(<i>ii</i>) the proviso shall be omitted;</p><p>(<i>b</i>) in clause (<i>x</i>), for the words \"for residential purposes:\", the words, brackets and figures \"for residential purposes and which is eligible for deduction under clause (<i>viii</i>) of sub-section (1) of section 36,\" shall be substituted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":98,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2000/section/40/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}