Deductions
This query is : Resolved
05 March 2012
when was deduction u/s 88 was amended to sec 80
Guest
Guest
(Expert)
05 March 2012
With effect from AY 2006-07. The last year for sec. 88 was 2005-06.
05 March 2012
Finance Act,2005 has inserted a subsection (9) to section 88 which says ,no deduction under section 88 will be allowed for the assessment year beginning on 1/4/2006 and subsequent years.
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