Tax deduction rate change under section 36 increases allowable deduction for specified expenditures after the statutory amendment. Amendment increases the allowable deduction rate under section 36, substituting the percentage in clause (viia)(a) with a higher percentage, with the ... Summary
Tax deduction rate change under section 36 increases allowable deduction for specified expenditures after the statutory amendment.
Amendment increases the allowable deduction rate under section 36, substituting the percentage in clause (viia)(a) with a higher percentage, with the substituted rate applying from the commencement date specified by the Finance Act, 1993 for relevant assessment periods.
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