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<h1>Amendment to Section 35CCD: Calculation of Deductions Revised for Assessment Years from April 1, 2021.</h1> In the Finance Act, 2016, an amendment to section 35CCD of the Income-tax Act was made, effective from April 1, 2017. This amendment introduces a proviso to sub-section (1), stating that for assessment years starting on or after April 1, 2021, the phrase 'an amount equal to one and one-half times of' will be replaced with 'a sum equal to.' This change affects the calculation of deductions under this section.