Finance Act, 1974
Application of section 81 of Income Tax Act, 1967, to certain income arising outside State. |
46.—Notwithstanding the foregoing provisions of this Chapter, income arising outside the State which if it had arisen in the State would be chargeable under Case V of Schedule D shall be deemed to be income to which the provisions of section 81 of the Income Tax Act, 1967 , so far as they relate to deductions to be made by reference to subsection (5) (e) of that section, apply. |