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of <h1>Income-tax Act Section 10 Amendment: Exemption Limits Increased for Receipts and Allowance Caps Removed, Effective April 1, 1987.</h1> Section 10 of the Income-tax Act is amended, effective April 1, 1987. In clause (3), the exemption limit for certain receipts, previously excluding winnings from lotteries, is increased from one thousand rupees to five thousand rupees in aggregate. Additionally, clause (13A) is modified by removing the limitation of four hundred rupees per month on certain allowances.
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