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of <h1>Finance Act 1988 Eliminates Annuity Deposits from Income-tax Act; Sections 280A-280X Ceased Functioning Since 1969</h1> Chapter XXII-A of the Income-tax Act, 1961, dealing with annuity deposits, was removed by the Finance Act of 1988, effective from April 1, 1988. Initially introduced by the Finance Act of 1964, this chapter included sections 280A to 280X. However, the annuity deposit requirement was discontinued starting April 1, 1969, following an amendment by the Finance Act of 1968. Consequently, the provisions related to annuity deposits were no longer operational from that date.
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