Deductibility of business expenditure: new proviso exempts benefits provided to low-paid employees under the head Salaries from disallowance.

The amendment expands cross references in the disallowance proviso and adds a further proviso excluding from that sub clause any expenditure which results directly or indirectly in the provision of a benefit, amenity or perquisite to an employee whose income chargeable under the head "Salaries" is at or below the statutory low income threshold.

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