Income-tax rules amendment expands eligible activities to include softwood plantation and conservation programmes. Amendment to the Income-tax Rules inserts plantation of softwood on degraded non-forest land and any programme of conservation of natural resources or of afforestation as new items in rule UK, clause (i); the changes are effected by notification under Section 295 and come into force on publication in the Official Gazette.
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Income-tax rules amendment expands eligible activities to include softwood plantation and conservation programmes.
Amendment to the Income-tax Rules inserts plantation of softwood on degraded non-forest land and any programme of conservation of natural resources or of afforestation as new items in rule UK, clause (i); the changes are effected by notification under Section 295 and come into force on publication in the Official Gazette.
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