# The Finance Act, 1989, Section 5: Amendment of Section 16

- Act: The Finance Act, 1989 (Act 13 of 1989)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1989/section/5/

## Text

Amendment of Section 16 5. In section 16 of the Income-tax Act, with effect from the 1st day of April, 1990,— (a) in clause (i),— (i) the proviso shall be omitted; (ii) for the word and figure "Explanation 1",  the word "Explanation"  shall be substituted; (iii) Explanation  2 shall be omitted; (b) after clause (ii),  the following clause shall be inserted, namely:— " (iii) a deduction of any sum paid by the assessee on account of a tax on employment within the meaning of clause (2) of article 276 of the Constitution, leviable by or under any law.". [Finance Act, 1989] © Copyright. Taxmann Publications Pvt. Ltd.

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