TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Omission of Section 19 Income-tax Act 1961 (by Finance Act 1988) ended deductions for computing interest on securities</h1> Section 19 of the Income-tax Act, 1961 was omitted by section 10 of the Finance Act, 1988 with effect from 1 April 1989. Prior to omission, it provided that income chargeable as 'Interest on securities' was to be computed after allowing deductions for (i) reasonable expenses incurred in realising such interest and (ii) interest payable on sums borrowed for the purpose of investing in those securities, subject to section 21.
TaxTMI 
TaxTMI 
