Provided also that the aggregate of the amounts of deduction under the first and second provisos shall not ex… — THE INDIAN STAMP ACT, 1899 (2 of 1899)

22 of 1996. "Provided also that the aggregate of the amounts of deduction under the first and second provisos shall not exceed two lakh rupees.". 6. In section 54 of the Income-tax Act, in sub-section (1), after clause (ii), the following provisos shall be inserted with effect from the 1st day of April, 2020, namely:— 'Provided that where the amount of the capital gain does not exceed two crore rupees, the assessee may, at his option, purchase or construct two residential houses in India, and where such option has been exercised,— (a) the provisions of this sub-section shall have effect as if for the words "one residential house in India", the words "two residential houses in India" had been substituted; (b) any reference in this sub-section and sub-section (2) to "new asset" shall be construed as a reference to the two residential houses in India: Provided further that where during any assessment year, the assessee has exercised the option referred to in the first proviso, he shall not be subsequently entitled to exercise the option for the same or any other assessment year.'. 7. In section 80-IBA of the Income-tax Act, in sub-section (2), in clause (a), for the figures "2019", the figures "2020" shall be substituted with effect from the 1st day of April, 2020. 8. In section 87A of the Income-tax Act, with effect from the 1st day of April, 2020,— (a) for the words "three hundred fifty thousand", the words "five hundred thousand" shall be substituted; (b) for the words, "two thousand and five hundred", the words "twelve thousand and five hundred" shall be substituted. 9. In section 194A of the Income-tax Act, in sub-section (3), in clause (i), for the words "ten thousand" wherever they occur, the words "forty thousand" shall be substituted. 10. In section 194-I of the I