Enhanced deduction rate for qualifying life insurance policies increases allowable proportion for persons with disability or specified ailments. The amendment substitutes the previously prescribed lower percentage with a higher percentage for computing deductions on life insurance premiums where ... Summary
Enhanced deduction rate for qualifying life insurance policies increases allowable proportion for persons with disability or specified ailments.
The amendment substitutes the previously prescribed lower percentage with a higher percentage for computing deductions on life insurance premiums where the policy, issued on or after the 1st day of April, 2013, insures the life of a person with disability or a person suffering specified diseases, with the proviso taking effect from the 1st day of April, 2014.
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