# The Finance Act, 2019 (No. 2), Section 20: Amendment of section 54GB

- Act: The Finance Act, 2019 (No. 2)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/20/

## Text

Amendment of section 54GB 20. In section 54GB of the Income-tax Act, with effect from the 1st day of April, 2020,— (i) | in sub-section (4), the following proviso shall be inserted, namely:— 'Provided that in case of a new asset, being computer or computer software, acquired by an eligible start-up referred to in the proviso to clause (d) of sub-section (6), the provisions of this sub-section shall have effect as if for the words "five years", the words "three years" had been substituted.'; (ii) | in sub-section (5), in the proviso, for the figures "2019", the figures "2021" shall be substituted; (iii) | in sub-section (6), in clause (b), in sub-clause (iii), for the word "fifty" at both the places where it occurs, the word "twenty-five" shall be substituted.

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