Deduction for lottery winnings: statutory provision omitted; prior regime allowed capped or proportionate relief for non-company assessees. Section 80TT has been omitted; the former provision allowed a deduction when a non-company assessee included income by way of lottery winnings, ... Summary
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Deduction for lottery winnings: statutory provision omitted; prior regime allowed capped or proportionate relief for non-company assessees.
Section 80TT has been omitted; the former provision allowed a deduction when a non-company assessee included income by way of lottery winnings, prescribing a capped or proportionate deduction based on the amount of winnings and distinguishing smaller from larger winnings.
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