Section 80M deduction reduced to a specified proportion and prior clause structure removed by amendment. Amendment to Section 80M revises sub-section (1) to substitute an explicit sixty per cent. measure of the relevant income as the deductible amount and ... Summary
Section 80M deduction reduced to a specified proportion and prior clause structure removed by amendment.
Amendment to Section 80M revises sub-section (1) to substitute an explicit sixty per cent. measure of the relevant income as the deductible amount and omits clauses (a) and (b), thereby prescribing a fixed proportion for deduction and removing the earlier sub-clauses.
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