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of <h1>Amendment to Section 80-HHD: New sub-section (7) restricts hotel business profit deductions to one provision, effective April 1, 1999.</h1> Section 80-HHD of the Income-tax Act is amended to include a new sub-section (7), effective from April 1, 1999. This sub-section specifies that if a deduction is claimed and allowed for profits derived from a hotel business under sub-section (1), such profits cannot qualify for deduction under any other provisions of the chapter concerning certain incomes. Additionally, the deduction cannot exceed the actual profits and gains of the hotel.
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