TMI BlogOmittedX X X X Extracts X X X X X X X X Extracts X X X X ..... 1982, w.e.f. 1-4-1983, Finance Act, 1983, w.e.f. 1-4-1984, Finance Act, 1984, w.e.f. 1-4-1985, Taxation Laws (Amendment) Act, 1984, w.r.e.f. 1-4-1972/1-4-1976, Finance Act, 1986, w.e.f. 1-4-1987, Finance Act, 1987, w.e.f. 1-4-1987, Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988, Finance Act, 1988, w.e.f. 1-4-1988/1-4-1989, Direct Tax Laws (Second Amendment) Act, 1989, w.r.e.f. 1-4-1984, Finance Act, 1990, w.e.f. 1-4-1990, Finance (No. 2) Act, 1991, w.e.f. 1-4-1992, Finance Act, 1992, w.e.f. 1-4-1993, Finance Act, 1993, w.e.f. 1-4-1994, Finance Act, 1994, w.r.e.f. 1-4-1968, Finance Act, 1995, w.e.f. 1-4-1996, Finance (No. 2) Act, 1996, w.e.f. 1-4-1997, Finance Act, 1997, w.e.f. 1-4-1998, Finance Act, 1999, w.e.f. 1-4-2000, Finance Ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... [***] ( va ) [***] ( vi ) interest on deposits with a banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act) or a co-operative society engaged in carrying on the business of banking (including a co-operative land mortgage bank or a co-operative land development bank); ( via ) interest on deposits with any such bank, not being a banking company or a co-operative society referred to in clause ( vi ) but being a bank established by or under any law made by Parliament, as may be approved by the Central Government for the purposes of this clause; ( vii ) interest on deposits with a financial corporation which is engaged in pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of this section, there shall be allowed in computing the total income of the assessee, an additional deduction of an amount equal to so much of such income as has remained unallowed; so, however, that the amount of such additional deduction shall not exceed three thousand rupees. Explanation . -For the purposes of this sub-section, the expression security means a Government security as defined in clause ( 2 ) of section 2 of the Public Debt Act, 1944 (18 of 1944) . (2) [***] (3) For the removal of doubts, it is hereby declared that where the income referred to in sub-section (1) is derived from any asset held by, or on behalf of, a firm, an association of persons or a body of individuals, no deduction shall be allowed under ..... X X X X Extracts X X X X X X X X Extracts X X X X
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