# The Finance Act, 1990, Section 16: Amendment of section 80CCA

- Act: The Finance Act, 1990 (Act 12 of 1990)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1990/section/16/

## Text

Amendment of section 80CCA 16. In section 80CCA of the Income-tax Act, with effect from the 1st day of April, 1991,— (a) in sub-section (1), for the proviso, the following proviso shall be substituted, namely:— 'Provided that in relation to— (a) the assessment years commencing on the 1st day of April, 1989 and the 1st day of April, 1996, this sub-section shall have effect as if for the words "twenty thousand rupees", the words "thirty thousand rupees" had been substituted; (b) the assessment year commencing on the 1st day of April, 1991 and subsequent assessment years, this sub-section shall have effect as if for the words "twenty thousand rupees", the words "forty thousand rupees" had been substituted.'; (b) after sub-section (2), and before Explanation 1, the following sub-section shall be inserted, namely:— "(3) Notwithstanding anything contained in any other provision of this Act, where a partition has taken place among the members of a Hindu undivided family or where an association of persons has been dissolved after a deduction has been allowed under sub-section (1), the provisions of sub-section (2) shall apply as if the person in receipt of income referred to therein is the assessee.". [Finance Act, 1990] © 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.