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Amendment of section 40.

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Full Text of the Document

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....lause (v), in item (a), with effect from the 1st day of April, 2025, -- (a) for the letters and figures "Rs. 3,00,000", the letters and figures "Rs. 6,00,000" shall be substituted; (b) for the let....

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....ause (v) of clause (b) of the said section 40 so as to increase the limit of remuneration to working partners, which is allowable as deduction such that on the first Rs 6,00,000 of the book-profit or ....

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