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Amendment of section 28.
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....esidential house or a part of the house by the owner shall not be chargeable under the head "Profits and gains of business or profession" and shall be chargeable under the head "Income from house property".'. - Clause 11 of the Bill seeks to amend section 28 of the Income-tax Act relating to profits and gains of business or profession. The said section provides various types of income....
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