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<h1>Finance Act 2016 amends Section 10AA Income-tax Act, changes deduction timeline effective April 1, 2017.</h1> Section 10AA of the Income-tax Act has been amended by the Finance Act, 2016. In sub-section (1), the phrase 'April, 2006, a deduction of' is replaced with 'April, 2006, but before the 1st day of April, 2021, the following deduction shall be allowed.' This amendment takes effect from April 1, 2017, modifying the timeline for applicable tax deductions.