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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Income-tax Act Section 88B Amended: Threshold Raised to 100,000 and Percentage Increased to 40% Effective April 1995.</h1> Section 88B of the Income-tax Act is amended effective April 1, 1995. The amendment increases the monetary threshold from seventy-five thousand rupees to one hundred thousand rupees. Additionally, the applicable percentage is raised from twenty percent to forty percent.
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