Section 32AB(1)(ii) in The Income Tax Act, 1961

[Cites 0, Cited by 23] [Section 32AB(1)] [Section 32AB] [Entire Act]

Union of India - Subsection

Section 32AB(1)(ii) in The Income Tax Act, 1961

(ii)a sum equal to twenty per cent. of the profits of [* * *] [ Certain words omitted by Act 13 of 1989, Section 7 (w.r.e.f. 1.4.1991).][business or profession as computed in the accounts of the assessee audited in accordance with sub-section (5), whichever is less:] [Inserted by Act 23 of 1986, Section 8 (w.e.f. 1.4.1987).]

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Union of India - Subsection

Section 32AB(1)(ii) in The Income Tax Act, 1961