Deduction for pension contributions altered by omission of a clause in section 80CCD, changing the statutory deduction framework. The amendment removes clause (a) of sub section (4) of section 80CCD, a consequential change following repeal of a related provision, thereby altering the ... Summary
Deduction for pension contributions altered by omission of a clause in section 80CCD, changing the statutory deduction framework.
The amendment removes clause (a) of sub section (4) of section 80CCD, a consequential change following repeal of a related provision, thereby altering the statutory deduction framework for contributions to the Central Government pension scheme and aligning the Income tax Act with that omission, with effect from the start of the next fiscal year.
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