Amendment of section 80LA.

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Full Text of the Document

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....ed bank, or, any bank incorporated by or under the laws of a country outside India; and having an Offshore Banking Unit in a Special Economic Zone, includes any income referred to in sub-section (2), there shall be allowed, in accordance with and subject to the provisions of this section, a deduction from such income, of an amount equal to-- (a) one hundred per cent. of such income for five cons....