Section 23 - Insertion of New Section 80F - Finance (No. 2) Act, 1967

23. Insertion of New Section 80F In Chapter VIA of the Income-tax Act, after section 80E, the following section shall be, and shall be deemed to have been, inserted with effect from the first day of April, 1966, namely :- 80F. Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc. -Where, in the case of an individual who is a citizen of India, the total income (as computed before making any deduction under this Chapter and before deduction of any amount of annuity deposit under section 280-O) includes any remuneration received by him outside India from any University or other educational institution established outside India or such other association or body established outside India as may be notified in this behalf by the Central Government in the Official Gazette, for any service rendered by him during his stay outside India in his capacity as a professor, teacher, or research worker in such University, institution, association or body, there shall be allowed a deduction from such remuneration of an amount equal to fifty per cent. thereof, in computing the total income of the individual : Provided that where the individual renders continuous service outside India in such University, institution, association or body for a period exceeding thirty-six months, no deduction under this section shall be allowed in respect of the remuneration for such service relating to any period after the expiry of the thirty-six months aforesaid. .