Amendment of section 40
In section 40 of the Income-tax Act, in clause (b), in sub-clause (v), in item (a), with effect from the 1st day of April, 2025,—
| (a) | for the letters and figures “Rs. 3,00,000”, the letters and figures “Rs. 6,00,000” shall be substituted; | |
| (b) | for the letters and figures “Rs. 1,50,000”, the letters and figures “Rs. 3,00,000” shall be substituted. |