Omission of Section 80T eliminates a specific deduction for certain interest income under the Income tax Act. Omission of Section 80T removes the statutory provision that previously provided a specific deduction under the Income tax Act. The legislative amendment, ... Summary
Omission of Section 80T eliminates a specific deduction for certain interest income under the Income tax Act.
Omission of Section 80T removes the statutory provision that previously provided a specific deduction under the Income tax Act. The legislative amendment, enacted through the Finance Act, deletes the provision from the statute and eliminates the tax relief that was available under that section, effective from the commencement date specified in the amending measure.
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