High Court Clarifies Standard Deduction Entitlement u/s 36(1)(iia) of Income Tax Act for Salary Computation.
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....Entitlement to weighed deduction u/s 36(1)(iia) - allowance of standard deduction - the legislature intended to use the phrase “chargeable under the head salaries” for computation of income u/s 36(1)(iia) in the same way as u/s 16- HC....
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