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Amendment of section 16

Clause 7 - Bills - DIRECT TAXES - Income-tax - FINANCE BILL, 2018 - Clause 7 - 7. . In section 16 of the Income-tax Act, after clause (i) [as omitted by section 6 of the Finance Act, 2005 (18 of 2005)], the following clause shall be inserted with eff .....

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xisting provisions of the said section, inter alia, provide that the income chargeable under the head "Salaries" shall be computed after making certain deductions specified therein. It is proposed to insert a new clause (ia) in the said sec .....

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