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Amendment of section 58.

Clause 30 - Bills - DIRECT TAXES - Income-tax - FINANCE BILL, 2017 - Clause 30 - 30. In section 58 of the Income-tax Act, in sub-section (1A), for the word, brackets, figures and letter sub-clause (iia) , the words, brackets, figures and letters sub- .....

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which are not deductible in computing the income from other sources. It is proposed to amend sub-section (1A) of the said section so as to provide that the provisions of sub-clause (ia) of clause (a) of section 40 shall also apply in computing the in .....

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