Tax and Business Consultant
11616 Points
Joined July 2015
Section - 80L, Income-tax Act, 1961, Deductions in respect of interest on certain securities, dividends, etc.
Section Provided a deduction of Rs 12,000 (plus additional Rs 3,000) on passive incomes from specified sources
Section 80L. [Omitted by the Finance Act, 2005, w.e.f. 1-4-2006.]