Afforestation deduction: contributions to government notified afforestation funds qualify for deduction under section 80GGA. The amendment to section 80GGA inserts "or of afforestation" after "natural resources" in subsection (2)(c) and adds clause (cc) permitting deduction for ... Summary
Afforestation deduction: contributions to government notified afforestation funds qualify for deduction under section 80GGA.
The amendment to section 80GGA inserts "or of afforestation" after "natural resources" in subsection (2)(c) and adds clause (cc) permitting deduction for sums paid by the assessee in the previous year to a fund for afforestation notified by the Central Government under the specified provision, thereby qualifying such contributions for deduction under section 80GGA.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.