Sentences with phrase «deduction under clause»

Accordingly, future CPP disability benefits do not constitute a proper deduction under clause 4 (b)(vii) of SEF 44.

(2) Despite section 6, an income replacement benefit that has been adjusted under subsection (1) is payable, without any deductions under clause 7 (3)(a) or (b), until the person dies.

Not exact matches

A sound knowledge about clauses that specify the various ways you can save paying taxable income legally will be beneficial so as to pay just the right amount of income tax and save the portion of your income that falls under the section specifying the kinds of Income Tax Deductions.

In view of the fact that housing projects often take longer time for completion, it is proposed that clause (b) of section 24 be amended to provide that the Deduction under the said provision on account of Interest paid on Home Loan for acquisition or construction of a self - occupied house property shall be available if the acquisition or construction is completed within FIVE years from the end of the financial year in which capital was borrowed.

(2) No deduction may be made under clause 7 (3)(a) or (b) from an income replacement benefit determined under subsection (1).

(b) the reference in clause 9 (1)(b) to «the weekly amount of the income replacement benefit otherwise determined under section 7 before any deductions permitted by subsection 7 (3)» is to be read as a reference to the amount referred to in subsection (2).

It has been recently notified by the Central Government that MUDRA or the Micro Units Development and Refinance Agency Limited will not be subject to TDS deduction with reference to the 3rd clause in the 3rd sub section of Article 19 A which states that TDS shall not be deducted for any financial corporation that has been established by and which happens to be under a Provincial, State or Central Act.