Limits for the purposes of Schedule III [Table: Sl.No. 11] to the Act

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Full Text of the Document

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....ll be the least of the following: (a) the actual amount of such allowance received by the assessee in respect of the relevant period; or (b) the amount by which the expenditure actually incurred by the assessee in payment of rent in respect of residential accommodation occupied by him exceeds one-tenth of the amount of salary due to the assessee for the relevant period; or ....