|
CHAPTER VIII
REBATES AND RELIEFS A.-Rebate of income-tax Rebate to be allowed in computing income-tax. 87. (1) In computing the amount of income-tax on the total income of an assessee with which he is chargeable for any assessment year, there shall be allowed from the amount of income-tax (as computed before allowing the deductions under this Chapter), in accordance with and subject to the provisions of sections 87A, 1[.88, 88A, 88B, 88C, 88D and 88E], the deductions specified in those sections. (2) The aggregate amount of the deductions under section 87A or 1[section 88 or section 88A or section 88B or section 88C or section 88D] or section 88E shall not, in any case, exceed the amount of income-tax (as computed before allowing the deductions under this Chapter) on the total income of the assessee with which he is chargeable for any assessment year. Notes: 1. Omitted by the Finance Act, 2023 dated 01.02.2023 w.e.f 01.04.2023.
|