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.
