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<h1>Finance Act 2001 amends Section 10 of Income-tax Act, adding tax exemptions for government income, loans, insurance, and more.</h1> The Finance Act, 2001 amends Section 10 of the Income-tax Act, introducing several changes effective from April 1, 2002. It adds sub-clauses to exempt income from the State and Central Governments under clause (10C), modifies conditions for tax exemptions related to loans and interest in clause (15), and includes new exemptions for certain insurance and regulatory bodies under clauses (23AAB) and (23BBC). Amendments also address income accumulation limits for educational and medical institutions, publication requirements for large entities, and clarify exemptions for venture capital funds. Additionally, infrastructure and cooperative bank-related provisions are updated under clause (23G).