TMI BlogDeductionsX X X X Extracts X X X X X X X X Extracts X X X X ..... o a banker or any other person for the purpose of realising such dividend 3 [ or interest ] on behalf of the assessee ; 4 [ ( ia ) in the case of income of the nature referred to in sub-clause ( x ) of clause ( 24 ) of section 2 which is chargeable to income-tax under the head Income from other sources , deductions, so far as may be, in accordance with the provisions of clause ( va ) of s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ee in the event of his death ; ] ( iii ) any other expenditure (not being in the nature of capital expenditure) laid out or expended wholly and exclusively for the purpose of making or earning such income. 10 [ *** ] 11 [ (iv) in the case of income of the nature referred to in clause (viii) of subsection (2) of section 56, a deduction of a sum equal to fifty per cent. of such income ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , w.e.f. 1-4-1989. 3. Inserted by the Finance Act, 1988, w.e.f. 1-4-1989. 4. Inserted by the Finance Act, 1987, w.e.f. 1-4-1988. 5. Substituted for sub-sections (1) and (2) by the Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971. 6. , (1A) omitted by the Taxation Laws (Amendment Miscellaneous Provisions) Act, 1986, w.e.f. 1-4-1988. 7. Substituted for sections 34 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12. Substituted vide Finance Act, 2020 dated 27-03-2020 w.e.f. 01-04-2021 before it was read as dividends, 1 [ other than dividends referred to in section 115-O, ] 13. Inserted vide Finance Act, 2020 dated 27-03-2020 w.e.f. 01-04-2021 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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