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    <title>Amendment of section 24</title>
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    <description>Section 24(b) is amended to replace the prior deadline with a three-year time limit measured from the end of the financial year in which capital was borrowed, and to add a proviso requiring an assessee to furnish a certificate from the interest-payee specifying interest payable for acquisition or construction or for conversion of capital into a new loan; &quot;new loan&quot; is defined as any subsequent loan or part thereof taken to repay the original capital.</description>
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    <pubDate>Tue, 21 Oct 2008 13:22:23 +0530</pubDate>
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      <description>Section 24(b) is amended to replace the prior deadline with a three-year time limit measured from the end of the financial year in which capital was borrowed, and to add a proviso requiring an assessee to furnish a certificate from the interest-payee specifying interest payable for acquisition or construction or for conversion of capital into a new loan; &quot;new loan&quot; is defined as any subsequent loan or part thereof taken to repay the original capital.</description>
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