One hundred per cent deduction for National Fund for Control of Drug Abuse

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Question - What are the proposed amendment in section 80G in Finance Bill 2015 ?

AI Summary

Proposed Amendment to Finance Bill 2015: 100% Tax Deduction for Donations to National Fund for Drug Abuse Control The discussion addresses a proposed amendment to section 80G of the Finance Bill 2015, allowing a 100% tax deduction for donations to the National Fund for Control of Drug Abuse. This fund, established by the Indian government in 1989 under the Narcotic Drugs and Psychotropic Substances Act, 1985, is recognized as a fund of national importance. The amendment aims to provide full deductions for contributions to this fund, similar to other nationally significant funds, effective from April 1, 2016, applicable for the assessment year 2016-17 and beyond.