Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Life insurance premium limits removed for authors under amended Income-tax Rules, eliminating the former regulatory cap. Rule 21 of the Income-tax Rules, 1962, which prescribed limits for life insurance premia in the case of authors, was omitted by the Income-tax (Fifth Amendment) Rules, 1989, with effect from the date of notification; the specific regulatory provision no longer forms part of the Income-tax Rules, 1962.
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Provisions expressly mentioned in the judgment/order text.
Life insurance premium limits removed for authors under amended Income-tax Rules, eliminating the former regulatory cap.
Rule 21 of the Income-tax Rules, 1962, which prescribed limits for life insurance premia in the case of authors, was omitted by the Income-tax (Fifth Amendment) Rules, 1989, with effect from the date of notification; the specific regulatory provision no longer forms part of the Income-tax Rules, 1962.
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