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Clause 37 - Amendment of section 80CCC. - FINANCE BILL, 2023

FINANCE BILL, 2023
Chapter III
DIRECT TAXES - Income-tax
  • Contents

Amendment of section 80CCC.

37. In section 80CCC of the Income-tax Act, in sub-section (3), clause (a) shall be omitted.

 



 

Notes on Clauses:

Clause 37 of the Bill seeks to amend section 80CCC of the Income-tax Act relating to deduction in respect of contribution to certain pension funds.

It is proposed to omit clause (a) of sub-section (3) of the said section which is consequential due to the omission of section 88.

This amendment will take effect from 1st April, 2023.