# The Finance Act, 1978, Section 5: Amendment of section 32

- Act: The Finance Act, 1978 (Act 19 of 1978)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1978/section/5/

## Text

Amendment of section 32. 5. In section 32 of the Income-tax Act, in sub-section (1), in clause (iv), for the words " twenty per cent.", the words "forty per cent." shall be substituted with effect from the 1st day of April, 1979. [Finance Act, 1978] © Copyright. Taxmann Publications Pvt. Ltd.

---
Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.