Amendment of section 10

Section 4 of the Finance Act, 2009 deals with amendment of section 10. Amendment of section 10. 4. In section 10 of the Income-tax Act,— (a ) in clause (10C), after the second proviso, the follow­ing proviso shall be inserted with effect from the 1st day of April, 2010, namely :— " Provided also that where any relief has been allowed to an assessee under section 89 for

Amendment of section 10.

4. In section 10 of the Income-tax Act,—

(a ) in clause (10C), after the second proviso, the follow­ing proviso shall be inserted with effect from the 1st day of April, 2010, namely :—

" Provided also that where any relief has been allowed to an assessee under section 89 for any assessment year in respect of any amount received or receivable on his voluntary retirement or termination of service or voluntary separation, no exemption under this clause shall be allowed to him in relation to such, or any other, assessment year."

(b ) in clause (23C), in the fourteenth proviso, for the words "made at any time during the financial year immediately preceding the assessment year", the words, figures and letters "made on or before the 30th day of September of the relevant assessment year" shall be substituted;

(c ) in clause (23D), in the Explanation, in clause (a), after the words, brackets and figures "Banking Companies (Acqui­sition and Transfer of Undertakings) Act, 1980 (40 of 1980)", the words "and a bank included in the category ‘other public sector banks’ by the Reserve Bank of India" shall be inserted with effect from the 1st day of April, 2010;

(d ) after clause (43), the following clause shall be in­serted, namely :—

"(44) any income received by any person for, or on behalf of, the New Pension System Trust established on the 27th day of February, 2008 under the provisions of the Indian Trusts Act, 1882 (2 of 1882).".

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Section 4, The Finance Act, 2009.