25. Amendment of section 57 of the principal enactment

Section 57 of the principal enactment is hereby amended in paragraph (a) of subsection (1) of that section by the substitution for the words “specified in the Second

Schedule; and” of the words “specified in the Second Schedule to this Act :

Provided that where the inocme tax payable by such company for any year of assessment on or after April 1,

2002 exceeds one million rupees, the amount by which the income tax payable by such company exceeds one million rupees shall not be more than the amount by which the taxable income of such company exceeds five million rupees.