# The Finance Act, 2000, Section 40: Amendment of section 80L

- Act: The Finance Act, 2000
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2000/section/40/

## Text

Amendment of section 80L. 40. In section 80L of the Income-tax Act, in sub-section (1),— (a) in clause (vii),— (i) after the words "industrial development in India:", the words, brackets and figures "and which is eligible for deduction under clause (viii) of sub-section (1) of section 36;" shall be inserted; (ii) the proviso shall be omitted; (b) in clause (x), for the words "for residential purposes:", the words, brackets and figures "for residential purposes and which is eligible for deduction under clause (viii) of sub-section (1) of section 36," shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.

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