Amendment of Act 52 of 1963

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..... income in respect of units received by him from the Trust during the previous year does not exceed one thousand rupees, such income, and where such income exceeds one thousand rupees, a sum of one thousand rupees, shall not be included in computing his total income of that year under the Income-tax Act, 1961(43 of 1961). Explanation.-In this clause, previous year has the same meaning as in the In .....

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