Section 23 - Amendment of section 80CCD - Finance Act, 2005

23 . Amendment of section 80CCD.- In section 80CCD of the Income-tax Act, for sub-section (4), the following sub-section shall be substituted with effect from the 1st day of April, 2006, namely: "(4) Where any amount paid or deposited by the assessee has been allowed as a deduction under sub-section (1),- (a) no rebate with reference to such amount shall be allowed under section 88 for any assessment year ending before the 1st day of April, 2006; (b) no deduction with reference to such amount shall be allowed under section 80C for any assessment year beginning on or after the 1st day of April, 2006.".