# The Finance Act, 2016, Section 15: Amendment of section 35

- Act: The Finance Act, 2016
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2016/section/15/

## Text

Amendment of section 35. 15. In section 35 of the Income-tax Act, with effect from the 1st day of April, 2018,— (i) | in sub-section (1),— (a) | in clause (ii),— (I) | for the words "one and three-fourth", the words "one and one-half" shall be substituted; (II) | after the proviso, the following proviso shall be inserted, namely:— "Provided further that where any sum is paid to such association, university, college or other institution in a previous year relevant to the assessment year beginning on or after the 1st day of April, 2021, the deduction under this clause shall be equal to the sum so paid;"; (b) | in clause (iia), the words "an amount equal to one and one-fourth times of" shall be omitted; (c) | in clause (iii), the words "an amount equal to one and one-fourth times of" shall be omitted; (ii) | in sub-section (2AA),— (A) | in clause (a), for the words "two times", the words "one and one-half times" shall be substituted; (B) | after the proviso and before Explanation 1, the following proviso shall be inserted, namely:— "Provided further that where any sum is paid to such National Laboratory or university or Indian Institute of Technology or specified person in a previous year relevant to the assessment year beginning on or after the 1st day of April, 2021, the deduction under this sub-section shall be equal to the sum so paid."; (iii) | in sub-section (2AB),— (a) | in clause (1), for the words "two times", the words "one and one-half times" shall be substituted; (b) | after clause (1) and before the Explanation, the following proviso shall be inserted, namely:— "Provided that where such expenditure on scientific research (not being expenditure in the nature of cost of any land or building) on in-house research and development facility is incurred in a previous year relevant to the assessment year beginning on or after the 1st day of April, 2021, the deduction under this clause shall be equal to the expenditure so incurred."; (c) | clause (5) shall be omitted.

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