Amendment of section 32

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ctual cost thereof shall be allowed as a deduction in respect of the previous year in which such machinery or plant is first put to use by the assessee for the purposes of his business or profession; ; (b) in clause (iii), for clause (1) of the Explanation, the following clause shall be substituted, namely:- '(1) moneys payable in respect of any building, machinery, plant or furniture includes .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... aid proviso;'; (c) in clause (iv), for the words drawing a remuneration not exceeding two hundred rupees per menses, , the words 'the income of each such person chargeable under, the head Salaries is seven thousand five hundred rupees or less,' shall be substituted. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X