Deduction rate increase under tax amendment expands relief for eligible industrial undertakings and investment incentives. The Income-tax (Amendment) Act, 1986 substitutes the words 'twenty-five per cent.' with 'fifty per cent.' in section 80HHB of the principal Act, thereby increasing the statutory deduction rate specified in that provision for eligible taxpayers.
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Deduction rate increase under tax amendment expands relief for eligible industrial undertakings and investment incentives.
The Income-tax (Amendment) Act, 1986 substitutes the words "twenty-five per cent." with "fifty per cent." in section 80HHB of the principal Act, thereby increasing the statutory deduction rate specified in that provision for eligible taxpayers.
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