Amendment of section 40A.

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Full Text of the Document

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....ng goods carriages, the provisions of sub-sections (3) and (3A) shall have effect as if for the words "twenty thousand rupees", the words "thirty-five thousand rupees" had been substituted.'. - Clause 16 of the Bill seeks to amend section 40A of the Incometax Act relating to expenses or payments not deductible in certain circumstances. The existing provisions contained in sub-section (3) of th....