Amendment to Section 80C broadens life insurance deduction eligibility to include children and removes male only language. Amendment expands Section 80C deductions by adding any child to the class of insured relatives and replacing male specific wording with 'any member of the family,' while omitting a male member explanatory bracket. It also deletes a proviso in sub section (4)(i) and removes profession based exclusionary language in sub section (4)(ii), collectively broadening eligible persons and eliminating certain exceptions for deduction eligibility.
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Amendment to Section 80C broadens life insurance deduction eligibility to include children and removes male only language.
Amendment expands Section 80C deductions by adding any child to the class of insured relatives and replacing male specific wording with "any member of the family," while omitting a male member explanatory bracket. It also deletes a proviso in sub section (4)(i) and removes profession based exclusionary language in sub section (4)(ii), collectively broadening eligible persons and eliminating certain exceptions for deduction eligibility.
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