Deduction for Agniveer Corpus Fund contributions: individual and government payments are allowable deductions from taxable income. Section 80CCH permits an individual enrolled in the Agnipath Scheme to deduct the whole of any amount paid or deposited by him into his Agniveer Corpus Fund account in computing total income, and also permits deduction of the whole of any Central Government contribution to that account. Definitions clarify the Agnipath Scheme and the Agniveer Corpus Fund as the consolidated fund holding contributors' payments, matching government contributions and interest.
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Deduction for Agniveer Corpus Fund contributions: individual and government payments are allowable deductions from taxable income.
Section 80CCH permits an individual enrolled in the Agnipath Scheme to deduct the whole of any amount paid or deposited by him into his Agniveer Corpus Fund account in computing total income, and also permits deduction of the whole of any Central Government contribution to that account. Definitions clarify the Agnipath Scheme and the Agniveer Corpus Fund as the consolidated fund holding contributors' payments, matching government contributions and interest.
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