# The Finance Act, 2023, Section 10: Amendment of section 17

- Act: The Finance Act, 2023 (Act 8 of 2023)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2023/section/10/

## Text

Amendment of section 17. 10.  In section 17 of the Income-tax Act,— (i) | in clause (1), after sub-clause (viii), the following sub-clause shall be inserted, namely:— "(ix) | the contribution made by the Central Government in the previous year, to the Agniveer Corpus Fund account of an individual enrolled in the Agnipath Scheme referred to in section 80CCH;"; (ii) | in clause (2), with effect from the 1st day of April, 2024,— (a) | in sub-clause (i), after the word "employer", the words "computed in such manner as may be prescribed" shall be inserted; (b) | for sub-clause (ii) and Explanations 1 to 4 thereto, the following shall be substituted, namely:— "(ii) | the value of any accommodation provided to the assessee by his employer at a concessional rate. Explanation.—For the purposes of this sub-clause, it is clarified that accommodation shall be deemed to have been provided at a concessional rate, if the value of accommodation computed in such manner as may be prescribed, exceeds the rent recoverable from, or payable by, the assessee;".

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