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Income Tax Act · s 42A
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Income Tax Act · s 42A
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
Where an employer makes a contribution to the Employee Trust established by section 6 of the Employee Trust Act (Chapter 167), credit at the rate of 10 per cent of the additional contribution so made (in excess of contribution made for the last year), shall be allowed against the tax payable by it in addition to the deductions allowed under sections 11 and 11E.