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73. Limit on deductions under sections 70, 71 and 72
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73. Limit on deductions under sections 70, 71 and 72.—The aggregate amount of deductions under sections 70, 71 and 72 shall not exceed fifty thousand rupees.
Clause 73 seeks to provide a maximum limit on the amount of deduction available under clauses 70, 71 and 72. It lays down a ceiling of fifty thousand rupees on the amount of deduction available in respect of payments made for a life insurance policy, health insurance policy and education of children.
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