Omission of sub clause in Section 40 alters deductibility treatment under income tax, effective April implementation. The Finance Bill, 2008 amends the Income-tax Act by omitting sub clause (ib) to clause (a) of section 40, with that omission taking effect from the first ... Summary
Omission of sub clause in Section 40 alters deductibility treatment under income tax, effective April implementation.
The Finance Bill, 2008 amends the Income-tax Act by omitting sub clause (ib) to clause (a) of section 40, with that omission taking effect from the first day of April specified in the Bill.
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