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of <h1>Section 80F revisions narrow deductions, impose registration, audit, investment and recordkeeping conditions to prevent private benefit</h1> Section 80F historically provided specified income-tax deductions for certain payments, including earlier provisions for expatriate remuneration, educational expenses for a dependent child of a resident non-citizen, and extensive provisions allowing deductions for amounts applied or invested by trusts or institutions for charitable or religious purposes subject to registration, audit, conditions limiting private benefit, restrictions on business activities, and rules on related-party transactions and investments. The section has been amended and parts omitted over time; where allowed, deductions were conditional on compliance with prescribed modes of application, investment, recordkeeping and restrictions preventing diversion of benefit to interested persons.
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