Amendment of section 57

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..... 6, a deduction of a sum equal to fifty per cent. of such income and no deduction shall be allowed under any other clause of this section.". - Clause 27 of the Bill seeks to amend section 57 of the Incometax Act, which relates to deductions. The existing provisions contained in the said section provides that the income chargeable under the head Income from other sources shall be computed after .....

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