# The Finance Act, 1980, Section 5: Amendment of section 16

- Act: The Finance Act, 1980 (Act 44 of 1980)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1980/section/5/

## Text

Amendment of section 16 5. In section 16 of the Income-tax Act, with effect from the 1st day of April, 1981 — (a) in clause (i),— (i) for the words "in respect of expenditure incidental to the employment of the assessee,", the words "a deduction of" shall be, substituted; (ii) in sub-clauses (a) and (b), the words "derived from such employment" shall be omitted; (b) in clause (ii), for the words "in respect of any allowance", the words "a deduction in respect of any allowance" shall be substituted. [Finance (No. 2) Act, 1980] © Copyright. Taxmann Publications Pvt. Ltd.

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