Deduction limit under section 80CCC increased, changing allowable deduction and effective date for retirement contributions. Amendment increases the permissible deduction under section 80CCC of the Income-tax Act by substituting the previous lower monetary ceiling with a higher ceiling for contributions qualifying for the deduction, expanding the scope of allowable tax relief for eligible contributors and taking effect from the enactment's specified commencement date.
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Provisions expressly mentioned in the judgment/order text.
Deduction limit under section 80CCC increased, changing allowable deduction and effective date for retirement contributions.
Amendment increases the permissible deduction under section 80CCC of the Income-tax Act by substituting the previous lower monetary ceiling with a higher ceiling for contributions qualifying for the deduction, expanding the scope of allowable tax relief for eligible contributors and taking effect from the enactment's specified commencement date.
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