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<h1>Taxpayers Can Deduct Payments to Approved Conservation Groups u/s 35CCB of Income-tax Act for Up to Three Years.</h1> Section 35CCB, introduced in the Income-tax Act by the Finance Act, 1982, allows taxpayers to claim deductions for payments made to approved associations or institutions engaged in natural resource conservation programs. The deduction applies to expenditures incurred during the previous year, provided the association or institution is approved by the prescribed authority, which grants approval for a maximum of three years. If a deduction is claimed under this section, it cannot be claimed again under any other provision for the same or any other assessment year.