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"Own Your Own Telephone Scheme".

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....diture under section 37(1) of the Income-tax Act 1961 while computing the income under the head "profit and gains from business or profession". 2. Payment under OYT Scheme is in the nature of advance payment of rent of telephone connection and not in the nature of deposit. In view thereof. subscribers are entitled to deduct such amount as expenditure wholly and exclusively incurred for the purpos....

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"Own Your Own Telephone Scheme".