# The Finance Act, 2009, Section 14: Amendment of section 36

- Act: The Finance Act, 2009
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2009/section/14/

## Text

Amendment of section 36. 14. In section 36 of the Income-tax Act, in sub-section (1),— (a ) in clause (iiia), in the Explanation, in clause (i), after the words "public sector company", at both the places where they occur, the words "or scheduled bank" shall be inserted; (b ) in clause (viii), in the Explanation, in clause (b), for sub-clause (i), the following sub-clause shall be substituted with effect from the 1st day of April, 2010, namely :— "(i) in respect of the specified entity referred to in sub-clause (i) or sub-clause (ii) or sub-clause ( iii) or sub-clause (iv) of clause (a), the business of providing long-term finance for— (A ) industrial or agricultural development; (B ) development of infrastructure facility in India; or (C ) development of housing in India;"; (c ) clause (xvi) shall be omitted. © Copyright. Taxmann Publications Pvt. Ltd.

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