# The Finance Act, 1987, Section 37: Amendment of section 80RRA

- Act: The Finance Act, 1987 (Act 11 of 1987)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1987/section/37/

## Text

Amendment of section 80RRA 37. In section 80RRA of the Income-tax Act, in sub-section (1), for the words "of an amount equal to fifty per cent thereof", the following shall be substituted with effect from the 1st day of April, 1988, namely:— "of an amount equal to,— (i) fifty per cent of the remuneration; or (ii)seventy-five per cent of such remuneration as is brought into India by, or on behalf of, the assessee in accordance with the Foreign Exchange Regulation Act, 1973 (46 of 1973), and any rules made there under, whichever is higher". [Finance Act, 1987] © Copyright. Taxmann Publications Pvt. Ltd.

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