Deduction under section 33AC barred for assessment years commencing on or after 1 April 2005 by amendment. The Finance (No. 2) Act, 2004 inserts a proviso into sub section (1) of section 33AC providing that no deduction shall be allowed under this section for ... Summary
Deduction under section 33AC barred for assessment years commencing on or after 1 April 2005 by amendment.
The Finance (No. 2) Act, 2004 inserts a proviso into sub section (1) of section 33AC providing that no deduction shall be allowed under this section for any assessment year commencing on or after 1 April 2005, establishing a temporal cut off for deduction eligibility.
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