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Deduction for Agniveer contributions: individual and government contributions to Agniveer Corpus Fund allowable in computing total income. A new section 80CCH permits a deduction in computing total income for the whole of any amount an individual enrolled in the Agnipath Scheme pays or deposits into his Agniveer Corpus Fund account, and likewise for any contribution the Central Government makes to that account; the section also defines the Agnipath Scheme and Agniveer Corpus Fund and applies from the stated commencement to the relevant assessment years.
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Provisions expressly mentioned in the judgment/order text.
Deduction for Agniveer contributions: individual and government contributions to Agniveer Corpus Fund allowable in computing total income.
A new section 80CCH permits a deduction in computing total income for the whole of any amount an individual enrolled in the Agnipath Scheme pays or deposits into his Agniveer Corpus Fund account, and likewise for any contribution the Central Government makes to that account; the section also defines the Agnipath Scheme and Agniveer Corpus Fund and applies from the stated commencement to the relevant assessment years.
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