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Allowable Deduction u/s 88
What is the maximum amount of subscripttion to Mutual Fund which is allowable for deduction u/s 88 for AY 2018-19 ?
Replies (1)
Nil.
No deduction from the amount of income-tax shall be allowed under this section 88 to an assessee, being an individual or a Hindu undivided family for the assessment year beginning on the 1st day of April, 2006 and subsequent years.
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