Amendment of section 16.

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Full Text of the Document

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....1A) of section 115BAC, the provisions of this clause shall have effect as if for the words "fifty thousand rupees", the words "seventy-five thousand rupees" had been substituted;'. - Clause 10 of the Bill seeks to amend section 16 of the Income-tax Act relating to deductions from salaries. The provisions of clause (ia) of the said section provides that a deduction of fifty thousand ru....