Section 88B amendment raises the applicable threshold for deduction, altering the specified limit effective from the stated fiscal year. The amendment substitutes the prior monetary ceiling in the provision governing the specified deduction limit with a higher fixed limit and makes that ... Summary
Section 88B amendment raises the applicable threshold for deduction, altering the specified limit effective from the stated fiscal year.
The amendment substitutes the prior monetary ceiling in the provision governing the specified deduction limit with a higher fixed limit and makes that substitution effective from 1st April, 1997, leaving other terms of the provision unchanged.
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