Deduction under section 80N reduced from full-income deduction to a limited deduction, effective from April 1985. Amendment replaces the prior entitlement to deduct the whole of income under section 80N with a capped deduction equal to fifty per cent of that income, ... Summary
Deduction under section 80N reduced from full-income deduction to a limited deduction, effective from April 1985.
Amendment replaces the prior entitlement to deduct the whole of income under section 80N with a capped deduction equal to fifty per cent of that income, restricting the deduction and operating with effect from the 1st day of April, 1985.
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