Finance Act, 1989

Amendment of provisions relating to relief in respect of premiums on certain insurances, etc.

8.—As respects the year 1989-90 and subsequent years of assessment, where an individual is entitled to relief under section 143 of the Income Tax Act, 1967 , the amount of such relief shall be an amount equal to 80 per cent. of the amount of the relief which, apart from this section, would otherwise have been given under that section.