Amendment of section 43D
In section 43D of the Income-tax Act, with effect from the 1st day of April, 2025,—
| (i) | in the marginal heading, the words “public companies,” shall be omitted; | |
| (ii) | clause (b) shall be omitted; | |
| (iii) | in the long line, the words “or the public company” shall be omitted; | |
| (iv) | in the Explanation, clauses (a) and (b) shall be omitted. |