Clause 2
Amendment of section 2
of Income Tax (Amendment) Bill
Section 2 of the Income Tax Act (referred to in this Act as the principal Act) is amended —
by deleting the words “or a Hindu joint family,” in the definition of “earned income” in subsection (1);
by deleting the words “or Hindu joint family, as the case may be,” in paragraph (a) of the definition of “earned income” in subsection (1);
by inserting, at the end of paragraph (f) of the definition of “research and development” in subsection (1), the word “or”;
by deleting the word “or” at the end of paragraph (g) of the definition of “research and development” in subsection (1);
by deleting paragraph (h) of the definition of “research and development” in subsection (1); and
by deleting subsection (3).