| CLAUSE(S) OF FINANCE BILL, 2017 |
PARTICUL ARS OF AMENDME NTS | SECTION | AMENDMENT / NEWLY INSERTED |
APPLICABLE W.E.F. |
BRIEF OF AMENDMENT |
| 14 | 36(1)(viia)(a) | AMENDED | 01st April 2018 (A.Y. 2018-19) |
It is proposed to enhance the deduction limit for provision for bad and doubtful debts to 8.5% of amount of total income to scheduled bank (not being a bank incorporated by or under the laws of a country outside India) or a non-scheduled bank or a co-operative bank other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank |