# The Finance Act, 2019 (No. 1), Section 3: Amendment of section 16

- Act: The Finance Act, 2019 (No. 1)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2019-no-1/section/3/

## Text

CHAPTER III DIRECT TAXES Income-tax Amendment of section 16 3. In section 16 of the Income-tax Act, 1961 (43 of 1961) (hereafter in this Chapter referred to as the Income-tax Act), in clause (ia) [as inserted by section 7 of the Finance Act, 2018 (13 of 2018)], for the words "forty thousand", the words "fifty thousand" shall be substituted with effect from the 1st day of April, 2020.

---
Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.