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>Finance Act 1964 amends Income-tax Act Section 87: New deductions for artists and insurance before March 1964.</h1> Section 87 of the Income-tax Act is amended by the Finance Act, 1964. In sub-section (3), a proviso is added to clause (i), allowing deductions for individuals who maintained insurance before March 1, 1964. Clause (ii) is expanded to include authors, playwrights, artists, musicians, or actors for whom clause (i) does not apply. A new sub-section (4) is introduced, capping the deductible amount of income-tax and super-tax to not exceed half of the aggregate sums eligible for deduction under this section.
TaxTMI 
