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Union of India - Section

Section 38 in The Finance Act, 2017

38. Amendment of section 87A.

- In section 87A of the Income-tax Act, with effect from the 1st day of April, 2018,-
(a)for the words "five hundred thousand rupees", the words "three hundred fifty thousand rupees" shall be substituted;
(b)for the words "five thousand rupees" [as substituted by section 46 of the Finance Act, 2016], the words "two thousand five hundred rupees" shall be substituted.