Section 35CCD deduction multiplier reduced to a sum equal to qualifying expenditure for future assessment years. The amendment inserts a proviso into section 35CCD(1) effective for assessment years beginning on or after 1 April 2021, substituting the phrase "an ... Summary
Section 35CCD deduction multiplier reduced to a sum equal to qualifying expenditure for future assessment years.
The amendment inserts a proviso into section 35CCD(1) effective for assessment years beginning on or after 1 April 2021, substituting the phrase "an amount equal to one and one-half times of" with "a sum equal to", thus replacing the multiplicative enhancement with a direct sum equal to qualifying expenditure.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
