Central Government specifies the Dhanaraksha, 1989, plan of the LIC Mutual Fund referred to in the aforesaid clause as the unit-linked insurance plan of that Mutual Fund u/s 88(2)(xiii) - S.O.56(E) - Income Tax Act, 1961
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Unit-linked insurance plan designation for Dhanaraksha 1989 plan specified, governing tax character from assessment year 1991-92 onwards. The Central Government, by notification under the relevant enabling provision, specifies the Dhanaraksha, 1989 plan of the LIC Mutual Fund as a unit-linked insurance plan for the purposes of the cited clause, effective for the assessment year 1991-92 and subsequent assessment years, thereby fixing the plan's tax-characterisation by administrative specification.
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Unit-linked insurance plan designation for Dhanaraksha 1989 plan specified, governing tax character from assessment year 1991-92 onwards.
The Central Government, by notification under the relevant enabling provision, specifies the Dhanaraksha, 1989 plan of the LIC Mutual Fund as a unit-linked insurance plan for the purposes of the cited clause, effective for the assessment year 1991-92 and subsequent assessment years, thereby fixing the plan's tax-characterisation by administrative specification.
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