Tax deduction under section 80C expanded to include notified National Housing Bank deposit schemes and institution inclusion. Amendment expands the scope of deductions under section 80C by adding subscriptions to notified deposit schemes of the National Housing Bank as eligible ... Summary
Tax deduction under section 80C expanded to include notified National Housing Bank deposit schemes and institution inclusion.
Amendment expands the scope of deductions under section 80C by adding subscriptions to notified deposit schemes of the National Housing Bank as eligible for deduction and by inserting the National Housing Bank into the list of approved institutions whose deposits or instruments qualify for deduction, with the Central Government authorised to specify qualifying schemes by notification.
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