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        F. Acts / Amendment Acts

        Section 41 - Amendment of section 80A

        Finance Act, 1992
        Chapter III
        DIRECT TAXES
        INCOME-TAX

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        Deduction limitation: deductions claimed by an association cannot also be claimed by its members for their share of income. Where an association of persons or body of individuals claims specified deductions while computing its total income, those same deductions shall not be available to an individual member in computing the member's total income with respect to the member's share of the association's income.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Deduction limitation: deductions claimed by an association cannot also be claimed by its members for their share of income.

                                Where an association of persons or body of individuals claims specified deductions while computing its total income, those same deductions shall not be available to an individual member in computing the member's total income with respect to the member's share of the association's income.


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