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<h1>Section 80CCD Amendment: Nominee's Amount from Deceased Assessee Excluded from Income Calculation, Effective April 1, 2017.</h1> In the Finance Act, 2016, an amendment to section 80CCD of the Income-tax Act was introduced. Effective from April 1, 2017, a proviso was added to sub-section (3) stating that any amount received by a nominee upon the death of the assessee, as specified in clause (a), will not be considered the nominee's income.