Section 27 - Amendment of section 80R - Finance Act, 1990

27. Amendment of section 80R In section 80R of the Income-tax Act, with effect from the 1st day of April, 1991,- (a) for the words allowed a deduction from such remuneration of an amount equal to fifty per cent. thereof, in computing the total income of the individual: , the words and figures allowed, in computing the total income of the individual, a deduction from such remuneration of an amount equal to,- (i) fifty per cent. of the remuneration; or (ii) seventy-five per cent. of such remuneration as is brought into India by, or on behalf of, the assessee in accordance with the Foreign Exchange Regulation Act, 1973 (46 of 1973), and any rules made thereunder, which is higher. shall be substituted; (b) the proviso shall be omitted.