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Section 80GG Amendment: Rent Deduction Limit Raised from 24,000 to 60,000 Rupees Annually for Tax Relief.

Amendment of section 80GG. - deductions in respect of rents paid. - It is proposed to increase the maximum amount of deduction allowable under the said section to five thousand rupees per month i.e. amount incresed from 24 thousand to 60 thousand per-annum. .....

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