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of <h1>Income Tax Bill 2025's Clause 50 allows deductions for associations with member income below expenses, mirroring Section 44A.</h1> The Income Tax Bill, 2025 introduces Clause 50, targeting financial management for trade and professional associations by allowing deductions when member income is less than collective expenses. This mirrors Section 44A of the Income-tax Act, 1961, which serves a similar purpose. Both provisions aim to prevent financial shortfalls from affecting operations, with a deduction limit of 50% of total income. Clause 50 introduces the term 'specified association' and excludes those listed in Schedule III, differing from Section 44A's exclusion criteria. These provisions offer financial relief, ensuring operational continuity for associations. Clause 50 reflects a modernized legislative approach.
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