# The Finance Act, 1990, Section 27: Amendment of section 80R

- Act: The Finance Act, 1990 (Act 12 of 1990)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1990/section/27/

## Text

Amendment of section 80R 27. In section 80R of the Income-tax Act, with effect from the 1st day of April, 1991,— (a) for 'the words "allowed a deduction from such remuneration of an amount equal to fifty per cent. thereof, in computing the total income of the individual:", the words and figures "allowed, in computing the total income of the individual, a deduction from such renumeration 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, and any rules made 46 of 1973 thereunder, 'whichever is higher" shall be substituted; (b) the proviso shall be omitted. [Finance Act, 1990] © Copyright. Taxmann Publications Pvt. Ltd.

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