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<h1>Omission of Section 80AA removes special computation rule for Section 80M deduction based on taxable dividend income</h1> Section 80AA, formerly addressing computation of the deduction under section 80M for dividends from domestic companies, has been omitted. When in force it required that the 80M deduction be calculated with reference to dividend income as computed under the Income-tax Act (before chapter deductions) rather than the gross dividend amount. The provision was inserted in 1980 effective from 1-4-1968 and later omitted effective from 1-4-1998.