Deductibility of family pension fund contributions affirmed, allowing inclusion in aggregate tax-deduction limit for salaried taxpayers. Contributions to a Family Pension Fund established under the Employees' Provident Fund and Family Pension Fund Act, 1952, fall within the scope of section 80C(2)(a)(ii) of the Income-tax Act, 1961, and may be included for determining the aggregate of sums qualifying for deduction under section 80C(1).
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Deductibility of family pension fund contributions affirmed, allowing inclusion in aggregate tax-deduction limit for salaried taxpayers.
Contributions to a Family Pension Fund established under the Employees' Provident Fund and Family Pension Fund Act, 1952, fall within the scope of section 80C(2)(a)(ii) of the Income-tax Act, 1961, and may be included for determining the aggregate of sums qualifying for deduction under section 80C(1).
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