Amendment of section 255.

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..... en lakh rupees", the words "fifty lakh rupees" shall be substituted with effect from the 1st day of June, 2016. - Clause 95 of the Bill seeks to amend section 255 of the Income-tax Act, relating to .....

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..... e total income as computed by the Assessing Officer does not exceed fifty lakh rupees. This amendment will take effect from 1st day of June, 2016.
Statute, statutory provisions legislation, law, .....

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