Pension contribution deduction expanded to allow an additional deduction for notified pension scheme contributions, subject to non-duplication. The amendment inserts sub-section (1B) in section 80CCD allowing an assessee referred to in sub-section (1) a deduction in computing total income for amounts paid or deposited in the previous year into an account under a pension scheme notified by the Central Government, subject to an overall limit and a proviso that no deduction under this sub-section shall be allowed for amounts already claimed under sub-section (1).
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Provisions expressly mentioned in the judgment/order text.
Pension contribution deduction expanded to allow an additional deduction for notified pension scheme contributions, subject to non-duplication.
The amendment inserts sub-section (1B) in section 80CCD allowing an assessee referred to in sub-section (1) a deduction in computing total income for amounts paid or deposited in the previous year into an account under a pension scheme notified by the Central Government, subject to an overall limit and a proviso that no deduction under this sub-section shall be allowed for amounts already claimed under sub-section (1).
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