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<h1>New Sub-section 58(3) Aligns Foreign Company Income Calculation Rules with Section 44D for Income Tax Purposes</h1> Section 58 of the Income-tax Act is amended to include a new sub-section (3), effective June 1, 1976. This provision specifies that for foreign companies, the rules outlined in section 44D should be applied to calculate income under 'Income from other sources' in the same manner as they are used for computing income under 'Profits and gains of business or profession.'