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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Amendment to Income-tax Act Section 80G: New Deduction Limits and Restrictions Effective April 1, 1981.</h1> In the amendment to Section 80G of the Income-tax Act, effective April 1, 1981, sub-section (4) is revised to specify that if the total of certain sums exceeds the lesser of 10% of the gross total income or 500,000 rupees, the excess is disregarded for deduction purposes under sub-section (1). Additionally, a new sub-section (5A) is inserted, stating that if a deduction is claimed and allowed under this section for a specific sum in any assessment year, that sum cannot qualify for a deduction under any other provision of the Act for the same or different assessment year.
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