Section 53 of Finance Act 2018
[Section 53 of Finance Act 2018 deals with Amendment of section 271FA. and is covered in CHAPTER III DIRECT TAXES]
Amendment of section 271FA.
53. In section 271FA of the Income-tax Act,—
(a) | for the words “one hundred rupees”, the words “five hundred rupees” shall be substituted; | |
(b) | for the words “five hundred rupees”, the words “one thousand rupees” shall be substituted. |