# The Finance Act, 1995, Section 11: Amendment of section 40A

- Act: The Finance Act, 1995 (Act 22 of 1995)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1995/section/11/

## Text

Amendment of section 40A. 11. In section 40A of the Income-tax Act, in sub-section (3), for the words "such expenditure shall not be allowed as a deduction", the words "twenty per cent. of such expenditure shall not be allowed as a deduction" shall be substituted with effect from the 1st day of April, 1996. [Finance Act, 1995] © Copyright. Taxmann Publications Pvt. Ltd.

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