https://www.taxtmi.com/acts?id=38675 The amendment to section 57 replaces the prior limited reference with the term "dividends" and inserts a proviso disallowing deductions from dividend income or income in respect of specified mutual fund or specified company units except for interest expense; such deduction in any previous year shall not exceed twenty per cent of the dividend income or such unit income included in total income for that year without deduction under this section. en-us Sat, 28 Mar 2020 10:18:54 +0530 Sat, 28 Mar 2020 10:18:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38675 The amendment to section 57 replaces the prior limited reference with the term "dividends" and inserts a proviso disallowing deductions from dividend income or income in respect of specified mutual fund or specified company units except for interest expense; such deduction in any previous year shall not exceed twenty per cent of the dividend income or such unit income included in total income for that year without deduction under this section. Act-Rules F. Acts / Amendment Acts Sat, 28 Mar 2020 10:18:54 +0530 https://www.taxtmi.com/acts?id=38675