Deduction under Section 88E barred from the specified assessment year onward, removing entitlement to that tax deduction prospectively. The Finance Bill, 2008 inserts a new subsection into section 88E specifying that no deduction under that section shall be allowed in, or after, the ... Summary
Deduction under Section 88E barred from the specified assessment year onward, removing entitlement to that tax deduction prospectively.
The Finance Bill, 2008 inserts a new subsection into section 88E specifying that no deduction under that section shall be allowed in, or after, the assessment year beginning on the first day of April, 2009, thereby removing entitlement to that deduction prospectively.
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