Deduction limitation for section 80-O limits previously full deduction to a partial deduction by legislative amendment. Amendment substitutes the entitlement under section 80-O from a deduction of the whole of the income to a deduction of an amount equal to fifty per cent. ... Summary
Deduction limitation for section 80-O limits previously full deduction to a partial deduction by legislative amendment.
Amendment substitutes the entitlement under section 80-O from a deduction of the whole of the income to a deduction of an amount equal to fifty per cent. of the income, effective from the 1st day of April, 1985, thereby converting the full-income deduction into a limited partial deduction.
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