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of <h1>Income-tax Act Section 8 amended: Revised tax deductions for donations to National Defence Fund and charitable institutions.</h1> Section 8 of the Income-tax Act is amended to revise the provisions regarding tax deductions for donations. The amendment replaces sub-section (1) to allow deductions for donations to the National Defence Fund, other applicable funds or institutions, and to the government or local authorities for charitable purposes. A new proviso is added to sub-section (3) to exclude donations to the National Defence Fund from certain calculation limits. In sub-section (5), the wording is changed to specify that deductions apply to donations to institutions or funds established in India for charitable purposes as referred to in sub-section (1).
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