Amendment to Section 115BBE: No Deductions or Loss Set-Off for Income u/ss 68-69D to Enhance Tax Compliance.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Amendment of section 115BBE. - tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D - no deduction in respect of any expenditure or allowances in relation to income referred to in the aforesaid sections shall be allowable. - the set off of any loss shall also be not allowable in respect of income under the aforesaid sections.....