Dividends from co operative societies added to Section 80L, creating a specific exempt income category under income tax law. The amendment inserts a new clause in sub section (1) of Section 80L, adding dividends from any co operative society, and adjusts clause punctuation by omitting the terminal 'or' in clause (vii) and substituting a terminal 'or' in clause (viii), effective from 1 April 1973.
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Dividends from co operative societies added to Section 80L, creating a specific exempt income category under income tax law.
The amendment inserts a new clause in sub section (1) of Section 80L, adding dividends from any co operative society, and adjusts clause punctuation by omitting the terminal "or" in clause (vii) and substituting a terminal "or" in clause (viii), effective from 1 April 1973.
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