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of <h1>Finance Bill 2015 amends Section 80C: Allows tax deductions for girl child subscriptions, effective April 1, 2015.</h1> Clause 15 of the Finance Bill, 2015, proposes amendments to section 80C of the Income-tax Act. It modifies sub-section (2) to allow deductions for subscriptions made in the name of any person specified in sub-section (4). Additionally, a new clause (ba) is added to sub-section (4), specifying that deductions are applicable for subscriptions made in the name of any girl child of the individual or for whom the individual is a legal guardian, if the scheme allows. This amendment is effective retrospectively from April 1, 2015, affecting the assessment year 2015-16 and onward.
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