Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 93: Limits and deductions for income from other sources; caps, 50% allowance, exemptions for commuted pension and gratuity</h1> Section 93 governs deductions in computing 'Income from other sources,' allowing reasonable commissions for realising dividends/interest, specified cross-referenced expenses, capped family pension deductions, a 50% deduction for certain incomes (no other deduction permitted), and limits on deductions for specified dividend and mutual fund incomes (interest deductible up to 20%). The enacted Act adds full exemptions for commuted pension from a specified fund and gratuity on death, and clarifies clause (a)'s exclusion punctuation to avoid ambiguity; otherwise the Bill and Act are materially aligned. The provision requires evidence of reasonableness and that expenditures were wholly and exclusively incurred.
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