Skip to content
Back to the text

Income Tax Act · s 42C

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?

The text as we hold it

Open the official text

s 42CMaximum limit on admissibility of tax credit

The total amount of tax credits under this Act (excluding tax credit under section 42) shall not exceed 50 per cent of the total tax payable by a person in one year of assessment.