Clause 76 - Deduction in respect of certain income of trade unions - Direct Taxes Code Bill, 2009

Deduction in respect of certain income of trade unions 76. (1) A person shall be allowed a deduction of the amount specified in sub-section (2), if such amount is included in the 'gross total income from ordinary sources'. (2) The amount referred to in sub-section (1) shall be the income chargeable under the heads "Income from house property" and "Income from other sources". (3) The deduction under sub-section (1) shall be allowed if the person is - (a) a registered union within the meaning of the Trade Unions Act, 1926; or (b) an association of registered unions referred to in sub-clause (a).