Deduction for long-term infrastructure bonds extended to cover subscriptions relevant to the assessment year beginning April 2012.

The amendment inserts the assessment year beginning on the 1st day of April, 2012 into the operative text to extend the deduction for subscriptions to long-term infrastructure bonds to the previous year relevant to that assessment year, preserving the existing eligibility framework and monetary ceiling for amounts paid or deposited as subscriptions. The amendment takes effect from 1st April, 2012 and applies to the assessment year 2012-2013.

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