Deduction for rural development payments protected where later approval is withdrawn, preserving tax deduction entitlement. The amendment clarifies that the deduction for any sum paid to an association or institution for carrying out a rural development programme shall not be ... Summary
Deduction for rural development payments protected where later approval is withdrawn, preserving tax deduction entitlement.
The amendment clarifies that the deduction for any sum paid to an association or institution for carrying out a rural development programme shall not be denied merely because approval for the programme or the association or institution was withdrawn after the payment was made, thereby preserving the taxpayer's deduction based on the approval status at the time of payment.
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