Income Tax Act, 1967.

Making of deductions.

112.—(1) Any deduction from emoluments allowed under this Act for the purpose of computing an assessment to income tax under Schedule E shall be made by reference to the amount paid or borne for the year or portion of the year upon the emoluments of which the computation is made.

(2) In this section “emoluments” has the same meaning as in section 111.