Insertion of new section 88D

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.... following section shall be inserted with effect from the 1st day of April, 2005, namely:- "88D. Rebate of income-tax in case of certain individuals.-An assessee, being an individual resident in Indi....

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.... income-tax payable on such total income (as computed before allowing the deductions under this Chapter) exceeds the amount by which such total income is in excess of one hundred thousand rupees, shal....