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of <h1>Amendment to Section 35CCC changes deduction calculation method from April 2021, simplifying income tax assessments.</h1> Section 35CCC of the Income-tax Act is amended by inserting a proviso in sub-section (1), effective from April 1, 2017. This proviso specifies that for the assessment year starting on or after April 1, 2021, the calculation method in this sub-section will change. Instead of calculating 'a sum equal to one and one-half times of,' it will be replaced with 'a sum equal to.' This amendment affects the way certain deductions are calculated under the Income-tax Act.
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