Insertion of New Section 80TT

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..... e-tax Act, and before the heading D. - Other deductions , the following section shall be inserted, namely :- 80TT. Deduction in respect of winnings from lottery. -Where the gross total income of an as .....

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..... e thousand rupees, the whole of such winnings; (b) in any other case, five thousand rupees as increased by a sum equal to fifty per cent. of the amount by which the winnings exceed five thousand rupee .....

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