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of <h1>Section 44AE Amendment: Deduction for Partner Salary and Interest Added, Sub-section (6) Omitted, Effective April 1, 1994.</h1> Section 44AE of the Income-tax Act is amended to include a proviso in sub-section (3), effective from April 1, 1994. This proviso allows for the deduction of salary and interest paid to partners of a firm from the income calculated under sub-section (1), subject to conditions and limits outlined in clause (b) of section 40. Additionally, sub-section (6) is omitted.
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