# The Finance Act, 2020, Section 27: Amendment of Section 50C

- Act: The Finance Act, 2020
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2020/section/27/

## Text

Amendment of section 50C. 27. In section 50C of the Income-tax Act, in sub-section (1), in the third proviso, for the words "five per cent", the words "ten per cent" shall be substituted with effect from the 1st day of April, 2021.

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