Deductions in respect of rents paid.

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Full Text of the Document

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....shed or unfurnished accommodation occupied by him for the purposes of his own residence. (2) The deduction under sub-section (1) shall be allowable on such rent exceeding 10% of his total income, subject to a maximum of five thousand rupees per month, or 25% of total income for tax year, whichever is less. (3) For the purposes of deduction under sub-section (1), such other conditions or limitati....