Section 80M of ITA, 1961 : Section 80M: [Omitted]
ITA, 1961
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Explanation using Example
Imagine a company named XYZ Ltd. that received dividend income from its investments in other companies. Prior to the year 2004, XYZ Ltd. could have taken advantage of Section 80M of the Income-tax Act, 1961, which allowed for a deduction in computing the total...
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