Tax deduction eligibility for NABARD bond subscription permitted under new clause, subject to government notification. Addition to the income-tax savings deduction regime makes subscription to such bonds issued by the National Bank for Agriculture and Rural Development an eligible investment for deduction, conditional on specification by the Central Government by notification in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Tax deduction eligibility for NABARD bond subscription permitted under new clause, subject to government notification.
Addition to the income-tax savings deduction regime makes subscription to such bonds issued by the National Bank for Agriculture and Rural Development an eligible investment for deduction, conditional on specification by the Central Government by notification in the Official Gazette.
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