Section 80C deductions expanded to include specified unit-linked insurance plans and notified savings certificates by government notification. Amendments expand qualifying deductions under section 80C by excluding certain annuity plans, adding specified unit linked insurance plans of LIC Mutual Fund notified by the Central Government, and permitting deductions for subscriptions to notified government savings certificates. Territorial references for Goa and certain Union territories are revised, and a provision (deemed effective 1 April 1984) allows taxpayers governed by community of property in those territories to deduct subscriptions to National Savings Certificates (VI and VII Issues). Cross references and explanatory language are updated to refer uniformly to any unit linked insurance plan in the new sub clauses.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Section 80C deductions expanded to include specified unit-linked insurance plans and notified savings certificates by government notification.
Amendments expand qualifying deductions under section 80C by excluding certain annuity plans, adding specified unit linked insurance plans of LIC Mutual Fund notified by the Central Government, and permitting deductions for subscriptions to notified government savings certificates. Territorial references for Goa and certain Union territories are revised, and a provision (deemed effective 1 April 1984) allows taxpayers governed by community of property in those territories to deduct subscriptions to National Savings Certificates (VI and VII Issues). Cross references and explanatory language are updated to refer uniformly to any unit linked insurance plan in the new sub clauses.
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