# The Finance Act, 1993, Section 20: Amendment of section 88B

- Act: The Finance Act, 1993 (Act 38 of 1993)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1993/section/20/

## Text

Amendment of section 88B. 20. In section 88B of the Income-tax Act, with effect from the 1st day of April, 1994,— (a) for the words "fifty thousand rupees", the words "seventy-five thousand rupees" shall be substituted; (b) for the words "ten per cent.", the words "twenty per cent." shall be substituted. [Finance Act, 1993] © Copyright. Taxmann Publications Pvt. Ltd.

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