Amendment of section 57.

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..... oviso shall be inserted, namely: Provided that no deduction shall be allowed from the dividend income, or income in respect of units of a Mutual Fund specified under clause (23D ) of section 10 or income in respect of units from a specified company defined in the Explanation to clause (35 ) of section 10, other than deduction on account of interest expense, and in any previous year such deduction .....

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..... y defined in the Explanation to clause (35) of section 10, other than deduction on account of interest expense and in any previous year such deduction shall not exceed twenty per cent. of the dividend income, or income in respect of such units, included in the total income for that year without deduction under that section. These amendments will take effect from 1st April, 2021 and will, according .....

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