TaxTMI 
TaxTMI 
Deductions
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....m paid by way of commission or remuneration to a banker or any other person for the purpose of realising such dividend 3[or interest] on behalf of the assessee ; 4[(ia) in the case of income of the nature referred to in sub-clause (x) of clause (24) of section 2 which is chargeable to income-tax under the head "Income from other sources", deductions, so far as may be, in accordance with the prov....
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.... thousand rupees", the words "twenty-five thousand rupees" had been substituted;] Explanation.-For the purposes of this clause, "family pension" means a regular monthly amount payable by the employer to a person belonging to the family of an employee in the event of his death;] (iii) any other expenditure (not being in the nature of capital expenditure) laid out or expended wholly and exclusiv....
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.... for that year, without deduction under this section:] 16[Provided further that no deduction shall be allowed in case of dividend income of the nature referred to in sub-clause (f) of clause (22) of section 2.] Explanation.-3A[****] **************** NOTES:- 1. Inserted vide Section 32 of the Finance Act, 2003 w.e.f. 01-04-2004 2. Inserted vide Section 19 of the&n....
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....e Taxation Laws (Amendment & Miscellaneous Provisions) Act, 1986 w.e.f. 01-04-1988 before it was read as, "sections 34 and 38" 8. Inserted vide Section 13 of the Finance Act, 1989 w.e.f. 01-04-1990 9. Substituted vide Section 20 of the Finance Act, 1997 w.e.f. 01-04-1998 before it was read as, "twelve" 10. Omitted vide Section 19 of the Finance Act, 1994 w....