Section 80HHF deduction rates phased down across successive assessment years under Finance Act amendment provision The amendment establishes a temporal step-down of the deduction under section 80HHF, specifying that the allowable deduction rate is reduced in stages ... Summary
Section 80HHF deduction rates phased down across successive assessment years under Finance Act amendment provision
The amendment establishes a temporal step-down of the deduction under section 80HHF, specifying that the allowable deduction rate is reduced in stages across successive assessment years; taxpayers and administrators must apply the specified percentage entitlement for each relevant assessment year when computing the deduction under section 80HHF.
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