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Insertion of new section 194L

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Full Text of the Document

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.... the Income-tax Act, the following section shall be inserted with effect from the 1st day of June, 1999, namely :- "194L. Payment of compensation on acquisition of capital asset. Any....

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Full Text of the Document

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....duct an amount equal to ten per cent. of such sum as income-tax on income comprised therein : Provided that no deduction shall be made under this section where the amount of such payment or, ....

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