Deduction under section 80LA increased to full exemption for eligible unit income from the specified assessment year. A proviso is inserted in the provision governing deduction for eligible unit income to specify that, for the assessment year commencing on or after the specified date, the deduction under the clause shall be one hundred per cent of such income, fixing the deduction rate at full income for applicable assessment years.
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Provisions expressly mentioned in the judgment/order text.
Deduction under section 80LA increased to full exemption for eligible unit income from the specified assessment year.
A proviso is inserted in the provision governing deduction for eligible unit income to specify that, for the assessment year commencing on or after the specified date, the deduction under the clause shall be one hundred per cent of such income, fixing the deduction rate at full income for applicable assessment years.
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